Regal Partners Ltd Purchases 22,566 Shares of Sprott Inc. (NYSE:SII)

Regal Partners Ltd raised its stake in Sprott Inc. (NYSE:SII - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,944 shares of the company's stock after buying an additional 22,566 shares during the quarter. Regal Partners Ltd owned about 0.34% of Sprott worth $3,751,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on SII. Canaccord Genuity Group started coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a "buy" rating for the company. BMO Capital Markets began coverage on Sprott in a report on Friday, March 7th. They set an "outperform" rating for the company.

Sprott Stock Performance

Shares of SII traded down $0.35 during midday trading on Friday, reaching $51.42. 148,740 shares of the stock were exchanged, compared to its average volume of 128,889. The stock's 50 day simple moving average is $45.82 and its 200 day simple moving average is $44.27. The company has a market cap of $1.33 billion, a P/E ratio of 28.25 and a beta of 1.01. Sprott Inc. has a twelve month low of $38.41 and a twelve month high of $54.82. 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 posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The firm had revenue of $36.80 million during the quarter, compared to the consensus estimate of $38.45 million.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors 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 2.33%. The ex-dividend date was Monday, March 10th. Sprott's dividend payout ratio is currently 63.16%.

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.