Sprott Inc. (NYSE:SII) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of Sprott Inc. (NYSE:SII) by 37.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,375 shares of the company’s stock after selling 12,587 shares during the period. Geode Capital Management LLC’s holdings in Sprott were worth $901,000 at the end of the most recent reporting period.

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

Sprott Price Performance

Shares of SII opened at $51.82 on Friday. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $54.82. 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 company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 28.47 and a beta of 1.01. The business’s 50-day moving average is $45.64 and its 200-day moving average is $44.22.

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

Sprott Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.32%. Sprott’s dividend payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Canaccord Genuity Group assumed coverage on Sprott in a research report on Tuesday, January 21st. They issued a “buy” rating on the stock. BMO Capital Markets began coverage on Sprott in a report on Friday, March 7th. They issued 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.