Man Group plc Makes New $484,000 Investment in Sprott Inc. (NYSE:SII)

Man Group plc bought a new position in Sprott Inc. (NYSE:SII) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,491 shares of the company’s stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott during the fourth quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Sprott during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its holdings in shares of 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 purchasing an additional 745 shares during the period. US Bancorp DE boosted its holdings in shares of Sprott by 40.3% during the fourth quarter. US Bancorp DE now owns 1,044 shares of the company’s stock worth $44,000 after purchasing an additional 300 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Sprott by 100.7% during the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company’s stock worth $91,000 after purchasing an additional 1,086 shares during the period. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Stock Performance

SII stock opened at $57.93 on Tuesday. 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 cap of $1.49 billion, a P/E ratio of 31.83 and a beta of 0.98. The firm has a 50 day simple moving average of $49.83 and a 200 day simple moving average of $45.37. Sprott Inc. has a 52 week low of $38.41 and a 52 week high of $58.08.

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

Sprott Dividend Announcement

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

Analyst Ratings Changes

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

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.