Credit Suisse AG increased its position in Sprott Inc. (NYSE:SII – Free Report) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,948 shares of the company’s stock after purchasing an additional 1,455 shares during the quarter. Credit Suisse AG owned approximately 0.14% of Sprott worth $1,775,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SII. Verger Capital Management LLC acquired a new stake in shares of Sprott during the 4th quarter worth about $667,000. Boston Partners acquired a new stake in Sprott during the fourth quarter worth approximately $332,000. CWA Asset Management Group LLC boosted its holdings in shares of Sprott by 290.5% during the first quarter. CWA Asset Management Group LLC now owns 310,637 shares of the company’s stock worth $11,313,000 after acquiring an additional 231,089 shares during the period. Raymond James & Associates grew its position in shares of Sprott by 5.0% in the first quarter. Raymond James & Associates now owns 57,184 shares of the company’s stock valued at $2,083,000 after purchasing an additional 2,731 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Sprott by 1.9% during the fourth quarter. Swiss National Bank now owns 53,475 shares of the company’s stock worth $1,778,000 after purchasing an additional 1,000 shares during the period. 26.13% of the stock is currently owned by institutional investors and hedge funds.
Sprott Stock Performance
NYSE:SII opened at $33.61 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $32.98 and a 200 day simple moving average of $34.27. Sprott Inc. has a 1-year low of $29.76 and a 1-year high of $41.96. The stock has a market cap of $869.49 million, a P/E ratio of 23.84 and a beta of 1.10.
Sprott Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.98%. Sprott’s dividend payout ratio is presently 70.92%.
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.
- Five stocks we like better than Sprott
- How to Invest in Energy
- 5 Ways to Play Retail that will Profit in 2023
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- This Is Why It’s Not Too Late For You To Buy Meta Stock
- How to Invest in Toy Stocks
- Why Analysts Say GE’s Healthcare Spinoff Has $20 Upside
Receive News & Ratings for Sprott Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott and related companies with MarketBeat.com's FREE daily email newsletter.