Point72 Asset Management L.P. Acquires 2,600 Shares of Sprott Inc. (NYSE:SII)

Point72 Asset Management L.P. raised its position in shares of Sprott Inc. (NYSE:SII) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,100 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Point72 Asset Management L.P.’s holdings in Sprott were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Sprott Inc. raised its position in shares of Sprott by 6.9% during the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company’s stock valued at $65,835,000 after buying an additional 100,585 shares during the last quarter. Norges Bank bought a new stake in Sprott during the fourth quarter worth about $20,936,000. Clean Energy Transition LLP grew its stake in Sprott by 110.6% during the fourth quarter. Clean Energy Transition LLP now owns 194,372 shares of the company’s stock worth $8,197,000 after buying an additional 102,064 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its stake in shares of Sprott by 18.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company’s stock valued at $8,116,000 after purchasing an additional 30,622 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Sprott by 757.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company’s stock valued at $7,794,000 after purchasing an additional 163,427 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets started coverage on shares of Sprott in a research note on Friday, March 7th. They set an “outperform” rating on the stock.

Sprott Price Performance

Shares of SII stock opened at $56.09 on Friday. Sprott Inc. has a 52-week low of $38.41 and a 52-week high of $57.76. The stock has a market cap of $1.45 billion, a PE ratio of 30.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The firm’s 50 day moving average price is $49.29 and its two-hundred day moving average price is $45.16.

Sprott (NYSE:SII) last posted its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The company had revenue of $37.38 million for the quarter, compared to analyst estimates of $40.48 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. Sprott’s payout ratio is 62.50%.

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.