Renaissance Technologies LLC Has $1.94 Million Position in Sprott Inc. (NYSE:SII)

Renaissance Technologies LLC boosted its stake in Sprott Inc. (NYSE:SII - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the company's stock after purchasing an additional 6,300 shares during the period. Renaissance Technologies LLC owned about 0.18% of Sprott worth $1,940,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its stake in Sprott by 7,753.4% during the third quarter. Barclays PLC now owns 4,555 shares of the company's stock worth $197,000 after acquiring an additional 4,497 shares in the last quarter. Geode Capital Management LLC grew its holdings in Sprott by 73.7% during the third quarter. Geode Capital Management LLC now owns 33,962 shares of the company's stock valued at $1,817,000 after purchasing an additional 14,409 shares during the period. Franklin Resources Inc. purchased a new stake in Sprott in the 3rd quarter worth approximately $231,000. JPMorgan Chase & Co. boosted its holdings in Sprott by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 103,917 shares of the company's stock worth $4,501,000 after buying an additional 5,129 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Sprott during the 4th quarter valued at approximately $145,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SII. Canaccord Genuity Group assumed coverage on Sprott in a research report on Tuesday, January 21st. They issued a "buy" rating on the stock. BMO Capital Markets began coverage on Sprott in a research note on Friday, March 7th. They set an "outperform" rating on the stock.

Sprott Stock Performance

SII stock traded down $0.08 during trading on Thursday, hitting $52.44. The company had a trading volume of 17,204 shares, compared to its average volume of 127,836. The firm has a 50-day moving average price of $45.48 and a 200-day moving average price of $44.17. Sprott Inc. has a 1-year low of $38.41 and a 1-year high of $54.82. The firm has a market cap of $1.35 billion, a PE ratio of 28.71 and a beta of 1.01. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (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 company had revenue of $36.80 million for the quarter, compared to analysts' expectations of $38.45 million.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.29%. Sprott's dividend payout ratio (DPR) is 63.16%.

Sprott 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.