Marshall Wace LLP Boosts Stock Position in Sprott Inc. (NYSE:SII)

Marshall Wace LLP boosted its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 209.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,163 shares of the company's stock after acquiring an additional 44,073 shares during the quarter. Marshall Wace LLP owned about 0.25% of Sprott worth $2,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Caprock Group LLC increased its position in shares of Sprott by 3.3% during the 4th quarter. Caprock Group LLC now owns 7,358 shares of the company's stock valued at $310,000 after purchasing an additional 233 shares during the last quarter. US Bancorp DE boosted its stake in Sprott by 40.3% during the fourth 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 period. LPL Financial LLC raised its stake in shares of Sprott by 1.2% in the fourth quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after acquiring an additional 392 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott in the fourth quarter valued at $25,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of Sprott in the 4th quarter worth about $27,000. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SII has been the topic of a number of recent analyst reports. Canaccord Genuity Group started coverage on shares of Sprott in a research report on Tuesday, January 21st. They issued a "buy" rating on the stock. BMO Capital Markets started coverage on Sprott in a report on Friday, March 7th. They issued an "outperform" rating on the stock.

Sprott Trading Down 1.0 %

Shares of SII traded down $0.54 during trading hours on Thursday, reaching $51.98. 47,541 shares of the company traded hands, compared to its average volume of 127,948. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 28.55 and a beta of 1.01. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $54.82. The stock's fifty day moving average price is $45.48 and its 200 day moving average price is $44.17. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

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

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Monday, March 10th. Sprott's dividend payout ratio (DPR) is presently 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.