PDT Partners LLC Buys 2,238 Shares of Sprott Inc. (NYSE:SII)

PDT Partners LLC grew its stake in Sprott Inc. (NYSE:SII) by 10.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,241 shares of the company’s stock after purchasing an additional 2,238 shares during the period. PDT Partners LLC’s holdings in Sprott were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in Sprott by 64.2% in the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after buying an additional 271 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Sprott in the 2nd quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in shares of Sprott during the 3rd quarter worth about $32,000. Mather Group LLC. grew its holdings in Sprott by 107.1% during the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after purchasing an additional 452 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Sprott in the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Up 1.3 %

Shares of NYSE:SII opened at $44.35 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The business has a 50 day simple moving average of $44.34 and a two-hundred day simple moving average of $43.25. Sprott Inc. has a 1 year low of $31.28 and a 1 year high of $48.00. The firm has a market capitalization of $1.15 billion, a PE ratio of 24.37 and a beta of 1.09.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio is 65.93%.

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.