Sprott Inc. (NYSE:SII) is Jacobs Asset Management LLC's 3rd Largest Position

Jacobs Asset Management LLC trimmed its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 16.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,710 shares of the company's stock after selling 50,290 shares during the period. Sprott accounts for about 6.6% of Jacobs Asset Management LLC's holdings, making the stock its 3rd largest holding. Jacobs Asset Management LLC owned about 1.01% of Sprott worth $10,952,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sprott in the 4th quarter valued at $25,000. Rialto Wealth Management LLC acquired a new position in Sprott in the fourth quarter valued at $27,000. Jones Financial Companies Lllp boosted its stake in Sprott by 919.8% in the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after acquiring an additional 745 shares in the last quarter. US Bancorp DE grew its holdings in shares of 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 purchasing an additional 300 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Sprott by 100.7% during the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after purchasing an additional 1,086 shares in the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Performance

Shares of Sprott stock traded up $0.09 during trading on Friday, reaching $55.63. The company's stock had a trading volume of 338,014 shares, compared to its average volume of 131,542. The company has a 50-day moving average price of $47.90 and a two-hundred day moving average price of $44.76. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $56.42. The firm has a market cap of $1.44 billion, a PE ratio of 30.57 and a beta of 0.98. 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 quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. The company had revenue of $37.38 million for the quarter, compared to the consensus estimate of $40.48 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Tuesday, May 20th. Sprott's dividend payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SII. 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 began coverage on Sprott in a research report on Tuesday, January 21st. They set a "buy" rating on the stock.

Sprott Company 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.