Royce & Associates LP Cuts Stock Holdings in Sprott Inc. (NYSE:SII)

Royce & Associates LP lowered its stake in shares of Sprott Inc. (NYSE:SII) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 878,647 shares of the company’s stock after selling 103,544 shares during the period. Royce & Associates LP’s holdings in Sprott were worth $37,024,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sprott in the 4th quarter valued at $25,000. Rialto Wealth Management LLC purchased a new position in shares of Sprott in the 4th quarter valued at $27,000. Jones Financial Companies Lllp raised its stake in shares of Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock valued at $35,000 after acquiring an additional 745 shares during the period. US Bancorp DE raised its stake in shares of 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 acquiring an additional 300 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Sprott in the 3rd quarter valued at $78,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SII shares. Canaccord Genuity Group started coverage on shares of Sprott in a research note on Tuesday, January 21st. They issued a “buy” rating on the stock. BMO Capital Markets started coverage on shares of Sprott in a research note on Friday, March 7th. They issued an “outperform” rating on the stock.

Sprott Price Performance

SII opened at $42.55 on Friday. The company has a fifty day simple moving average of $42.71 and a 200 day simple moving average of $43.10. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 23.38 and a beta of 1.08. Sprott Inc. has a twelve month low of $34.51 and a twelve month high of $48.00. 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 (NYSE:SII) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The business had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, March 10th. Sprott’s payout ratio is 63.16%.

Sprott Profile

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.