Jacobs Asset Management LLC reduced its position in shares of Sprott Inc. (NYSE:SII – Get Rating) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,000 shares of the company’s stock after selling 67,500 shares during the period. Sprott accounts for approximately 3.1% of Jacobs Asset Management LLC’s portfolio, making the stock its 15th largest position. Jacobs Asset Management LLC owned 0.58% of Sprott worth $6,764,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of SII. Shell Asset Management Co. lifted its holdings in Sprott by 12.0% in the fourth quarter. Shell Asset Management Co. now owns 2,800 shares of the company’s stock worth $127,000 after buying an additional 300 shares during the period. Royal Bank of Canada lifted its holdings in Sprott by 4.3% in the third quarter. Royal Bank of Canada now owns 7,636 shares of the company’s stock worth $280,000 after buying an additional 318 shares during the period. CIBC Asset Management Inc increased its stake in shares of Sprott by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 22,419 shares of the company’s stock valued at $1,011,000 after purchasing an additional 376 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Sprott by 2.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,062 shares of the company’s stock valued at $771,000 after purchasing an additional 399 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Sprott by 3.6% during the fourth quarter. HighTower Advisors LLC now owns 12,374 shares of the company’s stock valued at $564,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 26.61% of the company’s stock.
Shares of SII traded up $0.42 on Friday, hitting $35.33. 158,361 shares of the stock traded hands, compared to its average volume of 175,586. The company has a market capitalization of $918.58 million, a PE ratio of 24.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.76 and a current ratio of 2.85. The business has a 50 day simple moving average of $47.65 and a 200 day simple moving average of $43.70. Sprott Inc. has a one year low of $32.57 and a one year high of $57.00.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, May 13th. Sprott’s dividend payout ratio (DPR) is 69.93%.
SII has been the subject of a number of analyst reports. TD Securities decreased their target price on shares of Sprott from C$62.00 to C$58.00 in a research note on Monday, May 9th. Royal Bank of Canada reduced their price target on shares of Sprott from C$67.00 to C$63.00 in a research report on Monday, May 9th.
Sprott Profile (Get Rating)
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.
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