K.J. Harrison & Partners Inc Invests $292,000 in Sprott Inc. (NYSE:SII)

K.J. Harrison & Partners Inc acquired a new stake in Sprott Inc. (NYSE:SII) during the fourth quarter, Holdings Channel.com reports. The fund acquired 8,608 shares of the company’s stock, valued at approximately $292,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in shares of Sprott by 10.3% during the 4th quarter. Raymond James & Associates now owns 59,211 shares of the company’s stock valued at $2,010,000 after acquiring an additional 5,545 shares in the last quarter. North Star Investment Management Corp. raised its holdings in Sprott by 7.7% in the 4th quarter. North Star Investment Management Corp. now owns 162,716 shares of the company’s stock valued at $5,524,000 after buying an additional 11,586 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Sprott during the 4th quarter worth approximately $34,000. First Foundation Advisors bought a new stake in Sprott during the 3rd quarter worth approximately $451,000. Finally, CWA Asset Management Group LLC increased its position in Sprott by 16.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 363,011 shares of the company’s stock valued at $11,061,000 after acquiring an additional 50,641 shares during the period. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Down 0.0 %

Shares of SII traded down $0.02 during mid-day trading on Friday, reaching $40.09. 38,631 shares of the company were exchanged, compared to its average volume of 101,888. The business has a 50 day simple moving average of $37.86 and a two-hundred day simple moving average of $34.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $1.04 billion, a PE ratio of 24.28 and a beta of 1.14. Sprott Inc. has a 52 week low of $28.04 and a 52 week high of $42.43.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.09). The firm had revenue of $36.67 million for the quarter. Sprott had a return on equity of 14.19% and a net margin of 27.34%.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, March 1st. Sprott’s payout ratio is presently 60.61%.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Sprott from a “c+” rating to a “b-” rating in a report on Thursday, January 18th.

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.