Sprott Inc. (NYSE:SII) Stake Lifted by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in shares of Sprott Inc. (NYSE:SIIFree Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,706 shares of the company’s stock after purchasing an additional 896 shares during the period. CIBC Asset Management Inc owned 0.09% of Sprott worth $772,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SII. Creative Financial Designs Inc. ADV bought a new stake in shares of Sprott in the 4th quarter worth $34,000. Covestor Ltd lifted its holdings in Sprott by 432.2% in the 3rd quarter. Covestor Ltd now owns 1,868 shares of the company’s stock valued at $57,000 after acquiring an additional 1,517 shares during the last quarter. Jump Financial LLC bought a new position in shares of Sprott during the 3rd quarter valued at about $207,000. K.J. Harrison & Partners Inc acquired a new position in shares of Sprott in the 4th quarter worth approximately $292,000. Finally, Rathbones Group PLC raised its holdings in shares of Sprott by 40.2% in the 3rd quarter. Rathbones Group PLC now owns 9,185 shares of the company’s stock worth $281,000 after purchasing an additional 2,635 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Down 2.6 %

Shares of NYSE SII opened at $43.35 on Monday. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. Sprott Inc. has a 12 month low of $28.04 and a 12 month high of $47.30. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 24.22 and a beta of 1.13. The business has a fifty day simple moving average of $42.04 and a 200-day simple moving average of $37.48.

Sprott (NYSE:SIIGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.44 EPS for the quarter. The company had revenue of $41.54 million during the quarter. Sprott had a net margin of 28.76% and a return on equity of 15.15%.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Monday, May 20th. Sprott’s payout ratio is 55.87%.

Analyst Ratings Changes

Separately, TD Securities upgraded shares of Sprott from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

View Our Latest Stock Analysis on SII

Sprott Company Profile

(Free Report)

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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