Sprott Inc. (NYSE:SII) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lessened its position in shares of Sprott Inc. (NYSE:SII) by 32.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,785 shares of the company’s stock after selling 2,331 shares during the period. Aigen Investment Management LP’s holdings in Sprott were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SII. Kohmann Bosshard Financial Services LLC purchased a new position in Sprott during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in shares of Sprott during the 3rd quarter worth approximately $32,000. Jones Financial Companies Lllp raised its position in shares of Sprott by 919.8% during the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after purchasing an additional 745 shares during the last quarter. US Bancorp DE lifted its stake in Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after buying an additional 300 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Sprott during the 3rd quarter valued at $78,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

Shares of SII opened at $44.50 on Monday. Sprott Inc. has a 1 year low of $34.51 and a 1 year high of $48.00. The company’s 50 day simple moving average is $42.73 and its 200 day simple moving average is $43.10. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.45 and a beta of 1.08. 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 (NYSE:SII) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The company had revenue of $36.80 million during the quarter, compared to the consensus estimate of $38.45 million.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 2.70%. Sprott’s dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SII. Canaccord Genuity Group started coverage on Sprott in a report on Tuesday, January 21st. They issued a “buy” rating for the company. BMO Capital Markets initiated coverage on shares of Sprott in a research note on Friday. They issued an “outperform” rating for the company.

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.