Meixler Investment Management Ltd. Buys Shares of 6,464 Sprott Inc. (NYSE:SII)

Meixler Investment Management Ltd. bought a new stake in Sprott Inc. (NYSE:SII) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,464 shares of the company’s stock, valued at approximately $273,000.

Several other large investors also recently added to or reduced their stakes in SII. Capital Performance Advisors LLP purchased a new stake in Sprott in the 3rd quarter valued at $32,000. Quantbot Technologies LP purchased a new position in shares of Sprott during the 3rd quarter worth $78,000. Northwest & Ethical Investments L.P. purchased a new position in shares of Sprott during the 3rd quarter worth $82,000. SG Americas Securities LLC purchased a new position in shares of Sprott during the 4th quarter worth $145,000. Finally, Barclays PLC grew its holdings in shares of Sprott by 7,753.4% during the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock worth $197,000 after purchasing an additional 4,497 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group assumed coverage on Sprott in a report on Tuesday, January 21st. They set a “buy” rating for the company.

Sprott Stock Performance

NYSE SII opened at $42.88 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 23.56 and a beta of 1.08. 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 Inc. has a twelve month low of $34.51 and a twelve month high of $48.00. The stock has a fifty day simple moving average of $42.84 and a 200-day simple moving average of $42.90.

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.