Raymond James Financial Inc. Purchases New Holdings in Sprott Inc. (NYSE:SII)

Raymond James Financial Inc. purchased a new position in shares of Sprott Inc. (NYSE:SII - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,027 shares of the company's stock, valued at approximately $2,531,000. Raymond James Financial Inc. owned 0.23% of Sprott as of its most recent SEC filing.

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

Sprott Stock Down 0.7 %

Shares of SII stock traded down $0.35 on Friday, hitting $51.42. The company's stock had a trading volume of 148,740 shares, compared to its average volume of 128,889. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The firm's fifty day moving average price is $45.64 and its 200-day moving average price is $44.22. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $54.82.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.12. The firm had revenue of $36.80 million for the quarter, compared to analyst estimates 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Monday, March 10th. Sprott's payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BMO Capital Markets began coverage on Sprott in a research note on Friday, March 7th. They issued an "outperform" rating for the company. Canaccord Genuity Group began coverage on Sprott in a research note on Tuesday, January 21st. They issued a "buy" rating for the company.

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.