Sprott Inc. (NYSE:SII) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of Sprott Inc. (NYSE:SII) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,375 shares of the company’s stock after selling 12,587 shares during the quarter. Geode Capital Management LLC owned approximately 0.08% of Sprott worth $901,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Sprott during the fourth quarter worth about $20,936,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sprott by 757.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company’s stock valued at $7,794,000 after purchasing an additional 163,427 shares during the last quarter. Sprott Inc. lifted its position in Sprott by 6.9% during the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company’s stock worth $65,835,000 after buying an additional 100,585 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in Sprott by 81.8% during the fourth quarter. Tocqueville Asset Management L.P. now owns 141,698 shares of the company’s stock worth $5,975,000 after buying an additional 63,758 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Sprott in the 4th quarter valued at $2,531,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Analyst Ratings Changes

SII has been the topic of several recent research reports. Canaccord Genuity Group assumed coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” rating on the stock. BMO Capital Markets began coverage on shares of Sprott in a report on Friday, March 7th. They issued an “outperform” rating on the stock.

Sprott Price Performance

SII opened at $51.82 on Friday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 28.47 and a beta of 1.01. The stock’s 50-day moving average price is $45.64 and its 200 day moving average price is $44.22. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $54.82.

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

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were paid a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 2.32%. Sprott’s dividend payout ratio is presently 63.16%.

About Sprott

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.