D. E. Shaw & Co. Inc. Purchases 2,800 Shares of Sprott Inc. (NYSE:SII)

D. E. Shaw & Co. Inc. increased its position in Sprott Inc. (NYSE:SII) by 34.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,900 shares of the company’s stock after purchasing an additional 2,800 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Sprott were worth $459,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SII. Kohmann Bosshard Financial Services LLC bought a new stake in Sprott during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC purchased a new position in shares of Sprott during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in Sprott by 919.8% during the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after buying an additional 745 shares in the last quarter. US Bancorp DE raised its position in Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after buying an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Sprott in the 4th quarter valued at $145,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets initiated coverage on shares of Sprott in a research note on Friday, March 7th. They issued an “outperform” rating for the company.

Sprott Stock Up 3.4%

SII opened at $57.93 on Monday. The company has a 50 day moving average of $49.56 and a 200 day moving average of $45.27. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott Inc. has a 12 month low of $38.41 and a 12 month high of $58.08. The company has a market cap of $1.49 billion, a PE ratio of 31.83 and a beta of 0.98.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. The company had revenue of $37.38 million during the quarter, compared to analyst estimates of $40.48 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.07%. Sprott’s dividend payout ratio is currently 62.50%.

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.