Geode Capital Management LLC Trims Stock Holdings in Sprott Inc. (NYSE:SII)

Geode Capital Management LLC lowered its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 37.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,375 shares of the company's stock after selling 12,587 shares during the quarter. Geode Capital Management LLC owned approximately 0.08% of Sprott worth $901,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. National Bank of Canada FI increased its stake in shares of Sprott by 47.9% during the fourth quarter. National Bank of Canada FI now owns 17,220 shares of the company's stock worth $726,000 after purchasing an additional 5,580 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Sprott by 2.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 34,441 shares of the company's stock worth $1,452,000 after buying an additional 885 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sprott by 757.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock valued at $7,794,000 after acquiring an additional 163,427 shares during the last quarter. Norges Bank purchased a new position in shares of Sprott in the fourth quarter valued at approximately $20,936,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sprott by 9.9% in the fourth quarter. JPMorgan Chase & Co. now owns 114,219 shares of the company's stock worth $4,817,000 after acquiring an additional 10,302 shares during the last quarter. 28.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SII has been the topic of a number of research reports. BMO Capital Markets initiated coverage on Sprott in a report on Friday, March 7th. They issued an "outperform" rating on the stock. Canaccord Genuity Group assumed coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a "buy" rating on the stock.

Sprott Price Performance

Shares of NYSE:SII traded up $0.47 during midday trading on Wednesday, hitting $53.89. The company had a trading volume of 185,964 shares, compared to its average volume of 130,171. Sprott Inc. has a twelve month low of $38.41 and a twelve month high of $54.82. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 29.61 and a beta of 0.98. 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 business's 50-day simple moving average is $46.44 and its 200-day simple moving average is $44.41.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping 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%. The business had revenue of $37.38 million for the quarter, compared to analyst estimates of $40.48 million.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.23%. Sprott's dividend payout ratio is currently 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.