Barclays PLC Raises Stake in Sprott Inc. (NYSE:SII)

Barclays PLC increased its holdings in Sprott Inc. (NYSE:SII) by 7,753.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,555 shares of the company’s stock after acquiring an additional 4,497 shares during the quarter. Barclays PLC’s holdings in Sprott were worth $197,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. lifted its stake in Sprott by 47.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock worth $25,453,000 after acquiring an additional 187,993 shares during the period. Praetorian PR LLC lifted its stake in Sprott by 1.0% in the third quarter. Praetorian PR LLC now owns 575,000 shares of the company’s stock worth $24,903,000 after acquiring an additional 5,500 shares during the period. CWA Asset Management Group LLC purchased a new stake in Sprott in the third quarter worth about $9,843,000. Lloyd Harbor Capital Management LLC purchased a new stake in Sprott in the second quarter worth about $6,002,000. Finally, Crawford Fund Management LLC lifted its stake in Sprott by 11.7% in 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 period. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Performance

SII stock opened at $43.18 on Wednesday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 23.72 and a beta of 1.08. The firm has a 50-day simple moving average of $42.87 and a two-hundred day simple moving average of $43.06. Sprott Inc. has a one year low of $34.51 and a one year high of $48.00. 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 released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter. The business had revenue of $46.51 million during the quarter. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.78%. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio is 65.93%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday. They issued a “buy” rating for the company.

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.