Sprott Inc. (NYSE:SII) Shares Acquired by Barclays PLC

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC purchased a new position in shares of Sprott during the 3rd quarter valued at approximately $9,843,000. Global Alpha Capital Management Ltd. lifted its position in shares of Sprott by 47.1% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after buying an additional 187,993 shares in the last quarter. Lloyd Harbor Capital Management LLC purchased a new position in shares of Sprott during the 2nd quarter valued at approximately $6,002,000. Regal Partners Ltd purchased a new position in shares of Sprott during the 3rd quarter valued at approximately $2,875,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Sprott during the 2nd quarter valued at approximately $1,495,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Up 2.9 %

Shares of SII opened at $43.18 on Wednesday. Sprott Inc. has a 52-week low of $34.51 and a 52-week high of $48.00. The company has a market capitalization of $1.11 billion, a PE ratio of 23.72 and a beta of 1.08. The stock has a fifty day simple moving average of $42.87 and a two-hundred day simple moving average of $43.06. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The business had revenue of $46.51 million during the quarter.

Sprott Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued 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 2.78%. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s payout ratio is 65.93%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group initiated coverage on Sprott in a report on Tuesday. They issued a “buy” rating on the stock.

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.