Horizon Kinetics Asset Management LLC Purchases 30,622 Shares of Sprott Inc. (NYSE:SII)

Horizon Kinetics Asset Management LLC raised its position in Sprott Inc. (NYSE:SII) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,466 shares of the company’s stock after purchasing an additional 30,622 shares during the quarter. Horizon Kinetics Asset Management LLC owned 0.75% of Sprott worth $8,116,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Caprock Group LLC raised its position in Sprott by 3.3% in the fourth quarter. Caprock Group LLC now owns 7,358 shares of the company’s stock valued at $310,000 after purchasing an additional 233 shares during the last quarter. US Bancorp DE raised its position in Sprott by 40.3% in the fourth quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after purchasing an additional 300 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Sprott in the fourth quarter valued at about $25,000. Rialto Wealth Management LLC bought a new position in Sprott in the fourth quarter valued at about $27,000. Finally, Jones Financial Companies Lllp raised its position in Sprott by 919.8% in the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock valued at $35,000 after purchasing an additional 745 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Up 1.9 %

Shares of NYSE:SII opened at $42.55 on Monday. The business’s 50 day simple moving average is $42.71 and its two-hundred day simple moving average is $43.11. The firm has a market cap of $1.10 billion, a P/E ratio of 23.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott Inc. has a 52-week low of $34.51 and a 52-week high of $48.00.

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

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. Sprott’s dividend payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

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

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.