US Bancorp DE Increases Stock Position in Sprott Inc. (NYSE:SII)

US Bancorp DE boosted its stake in Sprott Inc. (NYSE:SII) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044 shares of the company’s stock after purchasing an additional 300 shares during the quarter. US Bancorp DE’s holdings in Sprott were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SII. Quantbot Technologies LP purchased a new stake in Sprott in the third quarter valued at approximately $78,000. Northwest & Ethical Investments L.P. purchased a new stake in Sprott in the third quarter valued at approximately $82,000. SG Americas Securities LLC purchased a new stake in Sprott in the fourth quarter valued at approximately $145,000. Barclays PLC raised its stake in shares of Sprott by 7,753.4% during the third quarter. Barclays PLC now owns 4,555 shares of the company’s stock worth $197,000 after acquiring an additional 4,497 shares in the last quarter. Finally, Essex Financial Services Inc. purchased a new position in shares of Sprott during the fourth quarter worth approximately $219,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Trading Up 2.1 %

SII stock opened at $44.10 on Wednesday. The company has a market capitalization of $1.14 billion, a PE ratio of 24.23 and a beta of 1.08. Sprott Inc. has a one year low of $34.51 and a one year high of $48.00. The company’s 50 day moving average price is $42.77 and its two-hundred day moving average price is $43.15. 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 earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The company had revenue of $36.80 million for the quarter, compared to the consensus estimate of $38.45 million.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, March 10th. Sprott’s payout ratio is 63.16%.

Analyst Upgrades and Downgrades

Several research firms have commented on SII. Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a “buy” rating on the stock. BMO Capital Markets began coverage on shares of Sprott in a research note on Friday, March 7th. They set an “outperform” rating on the stock.

Sprott Company 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.