Intellus Advisors LLC Buys Shares of 22,180 Sprott Inc. (NYSE:SII)

Intellus Advisors LLC purchased a new position in Sprott Inc. (NYSE:SII) in the fourth quarter, HoldingsChannel reports. The firm purchased 22,180 shares of the company’s stock, valued at approximately $935,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. lifted its position in Sprott by 1,685.7% in the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock worth $541,000 after purchasing an additional 11,800 shares during the period. Barclays PLC raised its stake in shares of Sprott by 7,753.4% in the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock worth $197,000 after buying an additional 4,497 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Sprott in the third quarter valued at $231,000. O Brien Greene & Co. Inc lifted its holdings in shares of Sprott by 42.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company’s stock valued at $1,139,000 after buying an additional 8,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Sprott by 73.7% during the third quarter. Geode Capital Management LLC now owns 33,962 shares of the company’s stock valued at $1,817,000 after buying an additional 14,409 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sprott Stock Down 1.7 %

Shares of Sprott stock opened at $44.39 on Friday. The stock has a 50-day moving average price of $42.95 and a 200 day moving average price of $43.20. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.15 billion, a P/E ratio of 24.39 and a beta of 1.08. Sprott Inc. has a 1 year low of $35.50 and a 1 year high of $48.00.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The business had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.70%. Sprott’s payout ratio is 63.16%.

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.