Rathbones Group PLC Reduces Holdings in Sprott Inc. (NYSE:SII)

Rathbones Group PLC decreased its position in shares of Sprott Inc. (NYSE:SII) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,060 shares of the company’s stock after selling 1,475 shares during the period. Rathbones Group PLC’s holdings in Sprott were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Sprott during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC bought a new stake in Sprott during the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp raised its stake in Sprott by 919.8% during the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after acquiring an additional 745 shares during the period. US Bancorp DE raised its stake in Sprott by 40.3% during the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock worth $44,000 after acquiring an additional 300 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Sprott during the 4th quarter worth approximately $145,000. Institutional investors own 28.30% of the company’s stock.

Sprott Trading Up 8.7 %

SII stock opened at $42.93 on Thursday. The firm has a fifty day moving average price of $43.19 and a 200 day moving average price of $43.46. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $48.00. 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 firm has a market cap of $1.11 billion, a PE ratio of 23.59 and a beta of 1.01.

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 net margin of 27.38% and a return on equity of 15.02%. The firm had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.80%. The ex-dividend date was Monday, March 10th. Sprott’s payout ratio is 63.16%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. 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 assumed coverage on shares of Sprott in a research report on Friday, March 7th. They set an “outperform” rating on the stock.

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.