Corient Private Wealth LLC Sells 530 Shares of Sprott Inc. (NYSE:SII)

Corient Private Wealth LLC decreased its stake in shares of Sprott Inc. (NYSE:SII) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,643 shares of the company’s stock after selling 530 shares during the quarter. Corient Private Wealth LLC’s holdings in Sprott were worth $322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SII. Point72 Asset Management L.P. increased its holdings in Sprott by 1,685.7% during the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock worth $541,000 after buying an additional 11,800 shares during the last quarter. Barclays PLC grew its position in shares of Sprott by 7,753.4% in the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after acquiring an additional 4,497 shares during the period. Franklin Resources Inc. acquired a new position in shares of Sprott during the 3rd quarter worth about $231,000. O Brien Greene & Co. Inc increased its stake in shares of Sprott by 42.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company’s stock worth $1,139,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Sprott by 73.7% in the 3rd quarter. Geode Capital Management LLC now owns 33,962 shares of the company’s stock valued at $1,817,000 after purchasing an additional 14,409 shares during the period. Institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sprott Stock Performance

NYSE SII opened at $44.22 on Monday. The stock has a market cap of $1.14 billion, a PE ratio of 24.30 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. The firm has a 50-day moving average of $43.30 and a 200-day moving average of $43.44. Sprott Inc. has a 52-week low of $36.76 and a 52-week high of $48.00.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The company had revenue of $36.80 million during the quarter, compared to analysts’ expectations of $38.45 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.71%. The ex-dividend date was 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.