Quadrature Capital Ltd Purchases 25,800 Shares of Sprott Inc. (NYSE:SII)

Quadrature Capital Ltd lifted its position in shares of Sprott Inc. (NYSE:SII) by 390.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,400 shares of the company’s stock after buying an additional 25,800 shares during the quarter. Quadrature Capital Ltd owned approximately 0.13% of Sprott worth $1,195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of Sprott by 126.6% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company’s stock worth $40,000 after buying an additional 666 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Sprott during the first quarter valued at about $185,000. Virtu Financial LLC bought a new stake in Sprott during the fourth quarter valued at about $233,000. Anthracite Investment Company Inc. bought a new stake in Sprott during the first quarter valued at about $268,000. Finally, Jump Financial LLC boosted its position in Sprott by 22.1% during the fourth quarter. Jump Financial LLC now owns 8,300 shares of the company’s stock valued at $282,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Sprott from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th.

Sprott Stock Performance

Shares of NYSE:SII traded up $0.51 during trading on Friday, hitting $44.65. The stock had a trading volume of 68,935 shares, compared to its average volume of 96,830. Sprott Inc. has a 12-month low of $28.04 and a 12-month high of $47.30. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.94 and a beta of 1.11. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $43.77 and a two-hundred day simple moving average of $39.98.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 EPS for the quarter. Sprott had a return on equity of 15.15% and a net margin of 28.76%. The company had revenue of $41.54 million for the quarter.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, May 20th. Sprott’s payout ratio is currently 55.87%.

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.