Rialto Wealth Management LLC Makes New $27,000 Investment in Sprott Inc. (NYSE:SII)

Rialto Wealth Management LLC purchased a new stake in Sprott Inc. (NYSE:SII) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 635 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asset Management L.P. boosted its stake in Sprott by 1,685.7% during the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock valued at $541,000 after buying an additional 11,800 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in shares of Sprott by 47.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after acquiring an additional 187,993 shares in the last quarter. Barclays PLC boosted its position in shares of Sprott by 7,753.4% during the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after acquiring an additional 4,497 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Sprott during the third quarter worth about $231,000. Finally, O Brien Greene & Co. Inc increased its position in shares of Sprott by 42.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company’s stock worth $1,139,000 after purchasing an additional 8,000 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Trading Up 3.5 %

Shares of SII stock opened at $44.50 on Monday. The firm has a market cap of $1.15 billion, a P/E ratio of 24.45 and a beta of 1.08. 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 Inc. has a 12-month low of $34.51 and a 12-month high of $48.00. The business has a 50-day moving average price of $42.73 and a two-hundred day moving average price of $43.10.

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

Sprott Announces Dividend

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

Analyst Upgrades and Downgrades

SII has been the subject of several research analyst reports. BMO Capital Markets started coverage on shares of Sprott in a research report on Friday. They set an “outperform” rating for the company. Canaccord Genuity Group began coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” 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.