Sprott Inc. $SII Shares Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. boosted its stake in Sprott Inc. (NYSE:SII) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,247 shares of the company’s stock after buying an additional 5,220 shares during the period. Raymond James Financial Inc. owned 0.25% of Sprott worth $2,928,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in Sprott in the first quarter worth $35,000. Deutsche Bank AG increased its position in Sprott by 100.7% in the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company’s stock worth $91,000 after buying an additional 1,086 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Sprott in the first quarter worth $247,000. Y Intercept Hong Kong Ltd bought a new position in shares of Sprott in the first quarter worth $247,000. Finally, Essex Financial Services Inc. grew its stake in shares of Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company’s stock worth $255,000 after purchasing an additional 477 shares in the last quarter. 28.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TD Securities cut Sprott from a “buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Sprott Stock Up 1.5%

Shares of SII stock opened at $67.69 on Monday. The stock has a 50-day simple moving average of $68.22 and a 200 day simple moving average of $57.51. Sprott Inc. has a fifty-two week low of $38.44 and a fifty-two week high of $77.16. The stock has a market capitalization of $1.75 billion, a P/E ratio of 35.07 and a beta of 1.01.

Sprott (NYSE:SII) last announced its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. Sprott had a return on equity of 15.04% and a net margin of 25.21%.The business had revenue of $41.97 million during the quarter, compared to analysts’ expectations of $44.66 million.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 annualized dividend and a yield of 1.8%. Sprott’s dividend payout ratio (DPR) is currently 62.18%.

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.