Pekin Hardy Strauss Inc. Makes New $471,000 Investment in Sprott Inc. (NYSE:SII)

Pekin Hardy Strauss Inc. acquired a new position in shares of Sprott Inc. (NYSE:SIIGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,375 shares of the company’s stock, valued at approximately $471,000.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in shares of Sprott by 3.6% in the fourth quarter. HighTower Advisors LLC now owns 12,374 shares of the company’s stock valued at $564,000 after purchasing an additional 425 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Sprott by 2.6% in the first quarter. CIBC Asset Management Inc now owns 23,000 shares of the company’s stock valued at $1,154,000 after purchasing an additional 581 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Sprott by 20.0% during the first quarter. Advisor Group Holdings Inc. now owns 7,236 shares of the company’s stock valued at $337,000 after buying an additional 1,205 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Sprott by 10.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,066 shares of the company’s stock valued at $807,000 after buying an additional 1,463 shares during the period. Finally, Bank of Montreal Can grew its position in Sprott by 2.5% during the fourth quarter. Bank of Montreal Can now owns 70,447 shares of the company’s stock valued at $3,231,000 after buying an additional 1,690 shares during the period. Institutional investors and hedge funds own 28.28% of the company’s stock.

Sprott Price Performance

SII opened at $37.86 on Friday. The firm has a market cap of $981.71 million, a P/E ratio of 36.76 and a beta of 1.08. The firm has a 50-day moving average of $36.15 and a 200 day moving average of $40.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.94 and a current ratio of 2.94. Sprott Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $57.00.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Friday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Thursday, August 11th. Sprott’s dividend payout ratio is currently 97.09%.

About Sprott

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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.

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Institutional Ownership by Quarter for Sprott (NYSE:SII)

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