Credit Suisse AG Purchases 1,455 Shares of Sprott Inc. (NYSE:SII)

Credit Suisse AG increased its position in Sprott Inc. (NYSE:SII) 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 (NYSE:SII) last posted its earnings results on Wednesday, August 9th. The company reported $0.70 earnings per share for the quarter. Sprott had a return on equity of 12.71% and a net margin of 23.36%. The company had revenue of $50.61 million during the quarter.

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 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.