Point72 Asset Management L.P. Increases Position in Sprott Inc. (NYSE:SII)

Point72 Asset Management L.P. lifted its holdings in shares of Sprott Inc. (NYSE:SII) by 1,685.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,500 shares of the company’s stock after buying an additional 11,800 shares during the period. Point72 Asset Management L.P.’s holdings in Sprott were worth $541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Praetorian PR LLC lifted its holdings in shares of Sprott by 1.0% in the 3rd 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 period. PDT Partners LLC lifted its holdings in Sprott by 10.2% in the third quarter. PDT Partners LLC now owns 24,241 shares of the company’s stock valued at $1,050,000 after acquiring an additional 2,238 shares during the period. Crawford Fund Management LLC boosted its position in shares of Sprott by 11.7% during the 3rd quarter. Crawford Fund Management LLC now owns 99,139 shares of the company’s stock worth $4,296,000 after purchasing an additional 10,400 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Sprott during the 3rd quarter worth $82,000. Finally, Quantbot Technologies LP purchased a new position in shares of Sprott in the 3rd quarter valued at about $78,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of NYSE:SII opened at $45.53 on Thursday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.02 and a beta of 1.07. 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 business’s 50 day simple moving average is $44.36 and its 200-day simple moving average is $43.15. Sprott Inc. has a 12 month low of $31.28 and a 12 month high of $48.00.

Sprott Increases Dividend

The business 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. The ex-dividend date was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio is presently 65.93%.

About Sprott

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.