T. Rowe Price Investment Management Inc. Invests $7.04 Million in Sprott Inc. (NYSE:SII)

T. Rowe Price Investment Management Inc. purchased a new stake in shares of Sprott Inc. (NYSE:SII - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 166,912 shares of the company's stock, valued at approximately $7,039,000. T. Rowe Price Investment Management Inc. owned approximately 0.65% of Sprott at the end of the most recent reporting period.

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

Sprott Price Performance

NYSE:SII traded down $0.35 during trading hours on Friday, hitting $51.42. 148,740 shares of the company's stock traded hands, compared to its average volume of 129,005. Sprott Inc. has a 52 week low of $38.41 and a 52 week high of $54.82. The business's fifty day simple moving average is $45.82 and its two-hundred day simple moving average is $44.26. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.33 billion, a P/E ratio of 28.25 and a beta of 0.98.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. Sprott's dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

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