JPMorgan Chase & Co. Boosts Holdings in Sprott Inc. (NYSE:SII)

JPMorgan Chase & Co. raised its holdings in Sprott Inc. (NYSE:SII) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,917 shares of the company’s stock after purchasing an additional 5,129 shares during the period. JPMorgan Chase & Co. owned 0.40% of Sprott worth $4,501,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Global Alpha Capital Management Ltd. raised its stake in Sprott by 47.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after purchasing an additional 187,993 shares during the last quarter. Praetorian PR LLC raised its position in shares of Sprott by 1.0% in the third quarter. Praetorian PR LLC now owns 575,000 shares of the company’s stock valued at $24,903,000 after buying an additional 5,500 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Sprott during the third quarter valued at approximately $9,843,000. Lloyd Harbor Capital Management LLC purchased a new position in shares of Sprott during the second quarter valued at approximately $6,002,000. Finally, Crawford Fund Management LLC boosted its position in Sprott by 11.7% during the third quarter. Crawford Fund Management LLC now owns 99,139 shares of the company’s stock worth $4,296,000 after acquiring an additional 10,400 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Down 0.0 %

Shares of SII opened at $41.95 on Friday. Sprott Inc. has a fifty-two week low of $34.34 and a fifty-two week high of $48.00. The company has a market capitalization of $1.08 billion, a PE ratio of 23.05 and a beta of 1.08. The stock has a fifty day moving average of $42.92 and a two-hundred day moving average of $43.05. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $0.30 dividend. This is a positive change from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s dividend payout ratio is presently 65.93%.

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.