Intellus Advisors LLC Invests $935,000 in Sprott Inc. (NYSE:SII)

Intellus Advisors LLC purchased a new stake in Sprott Inc. (NYSE:SII) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 22,180 shares of the company’s stock, valued at approximately $935,000. Intellus Advisors LLC owned about 0.09% of Sprott at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP increased its stake in Sprott by 135.7% during the fourth quarter. Quantbot Technologies LP now owns 4,269 shares of the company’s stock valued at $180,000 after purchasing an additional 2,458 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Sprott in the 4th quarter worth about $229,000. Tocqueville Asset Management L.P. boosted its holdings in shares of Sprott by 81.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 141,698 shares of the company’s stock valued at $5,975,000 after buying an additional 63,758 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of Sprott by 18.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company’s stock valued at $8,116,000 after buying an additional 30,622 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Sprott during the fourth quarter worth about $228,000. 28.30% of the stock is owned by institutional investors and hedge funds.

Sprott Stock Performance

Shares of SII opened at $44.39 on Friday. The firm has a fifty day moving average of $42.95 and a 200-day moving average of $43.20. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 24.39 and a beta of 1.08. 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 Inc. has a 1 year low of $35.50 and a 1 year high of $48.00.

Sprott (NYSE:SII) last posted its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The firm had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, March 10th. Sprott’s dividend payout ratio (DPR) is 63.16%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Canaccord Genuity Group began coverage on Sprott in a research note on Tuesday, January 21st. They issued a “buy” rating for the company. BMO Capital Markets began coverage on Sprott in a report on Friday, March 7th. They issued an “outperform” rating on the stock.

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.