Geode Capital Management LLC Acquires 14,409 Shares of Sprott Inc. (NYSE:SII)

Geode Capital Management LLC grew its holdings in Sprott Inc. (NYSE:SII) by 73.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,962 shares of the company’s stock after purchasing an additional 14,409 shares during the quarter. Geode Capital Management LLC owned approximately 0.13% of Sprott worth $1,817,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank increased its holdings in Sprott by 64.2% during the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock valued at $29,000 after buying an additional 271 shares during the period. Point72 Asset Management L.P. bought a new stake in Sprott during the 2nd quarter valued at $29,000. Capital Performance Advisors LLP purchased a new position in shares of Sprott in the 3rd quarter valued at $32,000. Quantbot Technologies LP bought a new position in shares of Sprott in the 3rd quarter worth $78,000. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Sprott in the 3rd quarter worth $82,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of SII stock opened at $41.99 on Thursday. The stock’s 50-day moving average is $43.27 and its 200 day moving average is $43.07. Sprott Inc. has a 1-year low of $31.47 and a 1-year high of $48.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market cap of $1.08 billion, a P/E ratio of 23.07 and a beta of 1.08.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $0.30 dividend. This is a boost from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s dividend payout ratio (DPR) is currently 65.93%.

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.