Quantbot Technologies LP Buys Shares of 1,811 Sprott Inc. (NYSE:SII)

Quantbot Technologies LP purchased a new position in shares of Sprott Inc. (NYSE:SII) in the third quarter, HoldingsChannel reports. The fund purchased 1,811 shares of the company’s stock, valued at approximately $78,000.

A number of other institutional investors have also modified their holdings of the company. Mather Group LLC. grew its stake in Sprott by 107.1% in the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock worth $36,000 after acquiring an additional 452 shares during the period. SG Americas Securities LLC purchased a new position in Sprott during the second quarter worth about $170,000. ORG Partners LLC acquired a new stake in Sprott in the 2nd quarter worth about $153,000. Raymond James & Associates increased its stake in shares of Sprott by 5.9% during the 2nd quarter. Raymond James & Associates now owns 72,987 shares of the company’s stock valued at $3,021,000 after acquiring an additional 4,095 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sprott by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the company’s stock worth $296,000 after acquiring an additional 626 shares during the period. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Price Performance

Sprott stock opened at $42.93 on Friday. Sprott Inc. has a 1 year low of $31.28 and a 1 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. The firm has a 50 day moving average price of $44.34 and a 200 day moving average price of $43.23. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 23.54 and a beta of 1.07.

Sprott Increases Dividend

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date 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.