3,432 Shares in Sprott Inc. (NYSE:SII) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Sprott Inc. (NYSE:SII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,432 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in Sprott by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,188 shares of the company’s stock worth $712,000 after acquiring an additional 277 shares during the period. Capital Performance Advisors LLP acquired a new stake in Sprott during the third quarter valued at approximately $32,000. Quantbot Technologies LP bought a new stake in Sprott during the third quarter valued at $78,000. Northwest & Ethical Investments L.P. bought a new position in shares of Sprott during the third quarter valued at approximately $82,000. Finally, PDT Partners LLC boosted its holdings in shares of Sprott by 10.2% during 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. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Up 1.5 %

Shares of Sprott stock opened at $44.06 on Tuesday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 24.21 and a beta of 1.08. Sprott Inc. has a 52-week low of $34.51 and a 52-week high of $48.00. The stock has a 50-day simple moving average of $42.86 and a 200-day simple moving average of $42.91. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday, January 21st. They issued a “buy” rating for the company.

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.