Rathbones Group PLC Sells 1,475 Shares of Sprott Inc. (NYSE:SII)

Rathbones Group PLC cut its position in Sprott Inc. (NYSE:SII) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,060 shares of the company’s stock after selling 1,475 shares during the quarter. Rathbones Group PLC’s holdings in Sprott were worth $255,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its holdings 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 in the last quarter. Barclays PLC raised its holdings in Sprott by 7,753.4% in the third quarter. Barclays PLC now owns 4,555 shares of the company’s stock worth $197,000 after purchasing an additional 4,497 shares in the last quarter. Franklin Resources Inc. bought a new position in Sprott in the third quarter worth about $231,000. O Brien Greene & Co. Inc increased its holdings in shares of Sprott by 42.1% during the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company’s stock valued at $1,139,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Sprott during the fourth quarter valued at about $2,531,000. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SII shares. Canaccord Genuity Group started coverage on shares of Sprott in a report on Tuesday, January 21st. They set 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 on the stock.

Sprott Stock Performance

SII opened at $42.93 on Thursday. Sprott Inc. has a 52-week low of $38.41 and a 52-week high of $48.00. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.11 billion, a P/E ratio of 23.59 and a beta of 1.01. The firm’s 50-day moving average price is $43.19 and its 200-day moving average price is $43.46.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were given a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.80%. Sprott’s dividend payout ratio is currently 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.