Raymond James & Associates Purchases 5,545 Shares of Sprott Inc. (NYSE:SII)

Raymond James & Associates increased its position in shares of Sprott Inc. (NYSE:SII) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,211 shares of the company’s stock after buying an additional 5,545 shares during the quarter. Raymond James & Associates’ holdings in Sprott were worth $2,010,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SII. Advisor Group Holdings Inc. boosted 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 purchasing an additional 1,205 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sprott by 18.3% in the first quarter. JPMorgan Chase & Co. now owns 118,885 shares of the company’s stock valued at $5,973,000 after buying an additional 18,381 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Sprott by 10.0% in 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 last quarter. Bank of Montreal Can lifted its position in shares of Sprott by 2.8% in the first quarter. Bank of Montreal Can now owns 72,442 shares of the company’s stock valued at $3,661,000 after buying an additional 1,995 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Sprott in the first quarter valued at approximately $252,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Performance

NYSE:SII opened at $39.78 on Wednesday. The stock has a market cap of $1.03 billion, a P/E ratio of 24.11 and a beta of 1.14. The stock has a 50 day simple moving average of $37.48 and a 200 day simple moving average of $33.97. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. Sprott Inc. has a 1-year low of $28.04 and a 1-year high of $42.43.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.09). The firm had revenue of $36.67 million for the quarter. Sprott had a return on equity of 14.19% and a net margin of 27.34%.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. Sprott’s dividend payout ratio (DPR) is presently 60.61%.

Wall Street Analyst Weigh In

Separately, TheStreet raised Sprott from a “c+” rating to a “b-” rating in a report on Thursday, January 18th.

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.