Sprott Inc. (NYSE:SII) Stake Lessened by Praetorian PR LLC

Praetorian PR LLC lessened its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 550,000 shares of the company's stock after selling 25,000 shares during the period. Sprott comprises about 9.3% of Praetorian PR LLC's holdings, making the stock its 5th biggest position. Praetorian PR LLC owned about 2.13% of Sprott worth $23,194,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

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

Sprott Stock Up 1.6 %

NYSE:SII traded up $0.84 on Wednesday, reaching $54.26. 59,607 shares of the stock traded hands, compared to its average volume of 129,338. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 29.82 and a beta of 0.98. Sprott Inc. has a 12 month low of $38.41 and a 12 month high of $54.82. The company's fifty day simple moving average is $46.21 and its 200 day simple moving average is $44.35.

Sprott (NYSE:SII - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.32 by $0.14. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.21%. Sprott's dividend payout ratio is currently 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.