Corient Private Wealth LLC Has $322,000 Position in Sprott Inc. (NYSE:SII)

Corient Private Wealth LLC lessened its stake in shares of Sprott Inc. (NYSE:SII) by 6.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,643 shares of the company’s stock after selling 530 shares during the period. Corient Private Wealth LLC’s holdings in Sprott were worth $322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sprott Inc. lifted its holdings in shares of Sprott by 6.9% during the 4th quarter. Sprott Inc. now owns 1,561,188 shares of the company’s stock worth $65,835,000 after acquiring an additional 100,585 shares during the period. Raymond James Financial Inc. acquired a new position in Sprott during the fourth quarter valued at approximately $2,531,000. Geode Capital Management LLC lifted 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 worth $1,817,000 after purchasing an additional 14,409 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sprott in the 3rd quarter valued at $612,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Sprott by 1,685.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock valued at $541,000 after purchasing an additional 11,800 shares in the last quarter. 28.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sprott Price Performance

Sprott stock opened at $44.22 on Monday. The stock has a 50-day moving average price of $43.30 and a two-hundred day moving average price of $43.44. The company has a market capitalization of $1.14 billion, a PE ratio of 24.30 and a beta of 1.08. Sprott Inc. has a 12 month low of $36.76 and a 12 month high of $48.00. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

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

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. Sprott’s dividend payout ratio (DPR) is 63.16%.

About Sprott

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.