National Bank of Canada FI Has $726,000 Stock Holdings in Sprott Inc. (NYSE:SII)

National Bank of Canada FI grew its position in shares of Sprott Inc. (NYSE:SII) by 47.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,220 shares of the company’s stock after purchasing an additional 5,580 shares during the quarter. National Bank of Canada FI’s holdings in Sprott were worth $726,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SII. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott during the fourth quarter worth about $25,000. Rialto Wealth Management LLC bought a new position in shares of Sprott during the fourth quarter worth about $27,000. Jones Financial Companies Lllp raised its position in shares of Sprott by 919.8% during the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after acquiring an additional 745 shares during the last quarter. US Bancorp DE raised its position in shares of Sprott by 40.3% during 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 during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Sprott during the fourth quarter worth about $145,000. 28.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports 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 started coverage on Sprott in a research report on Friday, March 7th. They set an “outperform” rating for the company.

Sprott Trading Up 8.7 %

Shares of SII stock opened at $42.93 on Thursday. The company has a market cap of $1.11 billion, a P/E ratio of 23.59 and a beta of 1.01. The stock has a 50 day simple moving average of $43.19 and a two-hundred day simple moving average of $43.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $48.00.

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

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.80%. Sprott’s 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.