Marshall Wace LLP Increases Stock Holdings in Sprott Inc. (NYSE:SII)

Marshall Wace LLP increased its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 209.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,163 shares of the company's stock after purchasing an additional 44,073 shares during the quarter. Marshall Wace LLP owned approximately 0.25% of Sprott worth $2,748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SII. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Sprott in the 4th quarter valued at $25,000. Rialto Wealth Management LLC purchased a new stake in shares of Sprott in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp boosted its position in shares of Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after purchasing an additional 745 shares during the period. US Bancorp DE grew its stake in Sprott by 40.3% during the 4th quarter. US Bancorp DE now owns 1,044 shares of the company's stock worth $44,000 after buying an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Sprott during the fourth quarter worth approximately $145,000. 28.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets began coverage on Sprott in a report on Friday, March 7th. They issued an "outperform" rating for the company. Canaccord Genuity Group started coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a "buy" rating on the stock.

Sprott Stock Performance

SII traded down $0.01 on Friday, hitting $51.77. 46,995 shares of the company traded hands, compared to its average volume of 146,910. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $54.81. The company has a 50 day moving average of $45.64 and a 200-day moving average of $44.22. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.34 billion, a PE ratio of 28.44 and a beta of 1.01.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The business had revenue of $36.80 million during the quarter, compared to analysts' expectations of $38.45 million.

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, March 10th. Sprott's payout ratio is 63.16%.

About Sprott

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.