Y Intercept Hong Kong Ltd Acquires Shares of 5,503 Sprott Inc. (NYSE:SII)

Y Intercept Hong Kong Ltd acquired a new position in Sprott Inc. (NYSE:SII - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,503 shares of the company's stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG lifted its stake in Sprott by 100.7% in the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock valued at $91,000 after purchasing an additional 1,086 shares during the last quarter. HighTower Advisors LLC bought a new position in Sprott in the 4th quarter valued at approximately $228,000. Fidelis Capital Partners LLC bought a new position in Sprott in the 1st quarter valued at approximately $247,000. Aquatic Capital Management LLC lifted its stake in Sprott by 34.9% in the 4th quarter. Aquatic Capital Management LLC now owns 5,937 shares of the company's stock valued at $250,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Essex Financial Services Inc. increased its position in Sprott by 9.2% in the 1st quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock valued at $255,000 after acquiring an additional 477 shares during the period. Institutional investors and hedge funds own 28.30% of the company's stock.

Analysts Set New Price Targets

Separately, TD Securities cut shares of Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday, July 22nd.

Sprott Price Performance

Shares of SII traded down $0.86 during trading hours on Friday, hitting $66.50. 191,999 shares of the stock were exchanged, compared to its average volume of 180,308. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $77.16. The business has a 50-day moving average of $66.57 and a 200-day moving average of $53.46. The firm has a market capitalization of $1.72 billion, a P/E ratio of 34.64 and a beta of 1.04.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The company had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million. Sprott had a net margin of 27.53% and a return on equity of 15.34%.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott's dividend payout ratio (DPR) is 62.50%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.