LPL Financial LLC Boosts Holdings in Sprott Inc. (NYSE:SII)

LPL Financial LLC increased its holdings in Sprott Inc. (NYSE:SII) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,040 shares of the company’s stock after purchasing an additional 392 shares during the period. LPL Financial LLC owned approximately 0.12% of Sprott worth $1,351,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Sprott Inc. lifted its stake in Sprott by 6.9% in the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company’s stock worth $65,835,000 after purchasing an additional 100,585 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in Sprott by 81.8% during the 4th quarter. Tocqueville Asset Management L.P. now owns 141,698 shares of the company’s stock valued at $5,975,000 after acquiring an additional 63,758 shares during the period. Raymond James Financial Inc. bought a new stake in Sprott in the 4th quarter worth $2,531,000. Horizon Kinetics Asset Management LLC increased its stake in shares of Sprott by 18.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company’s stock valued at $8,116,000 after buying an additional 30,622 shares during the period. Finally, Intellus Advisors LLC bought a new position in Sprott in the fourth quarter worth about $935,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Performance

SII opened at $52.76 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 28.99 and a beta of 1.01. The company has a fifty day moving average of $43.98 and a 200 day moving average of $43.72. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $52.99.

Sprott (NYSE:SII) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The business had revenue of $36.80 million during the quarter, compared to the consensus estimate of $38.45 million.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.27%. Sprott’s dividend payout ratio (DPR) is 63.16%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group initiated coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a “buy” rating for the company. BMO Capital Markets assumed coverage on shares of Sprott in a report on Friday, March 7th. They issued an “outperform” rating on the stock.

Sprott Company 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.