Tocqueville Asset Management L.P. Raises Stock Position in Sprott Inc. (NYSE:SII)

Tocqueville Asset Management L.P. raised its stake in shares of Sprott Inc. (NYSE:SII) by 81.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,698 shares of the company’s stock after purchasing an additional 63,758 shares during the period. Tocqueville Asset Management L.P.’s holdings in Sprott were worth $5,975,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SII. Kohmann Bosshard Financial Services LLC purchased a new position in Sprott in the 4th quarter valued at about $25,000. Rialto Wealth Management LLC purchased a new position in shares of Sprott in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its stake in shares of Sprott by 919.8% in the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after acquiring an additional 745 shares during the last quarter. US Bancorp DE increased its position in shares of Sprott by 40.3% during the fourth quarter. US Bancorp DE now owns 1,044 shares of the company’s stock worth $44,000 after purchasing an additional 300 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Sprott in the 3rd quarter valued at $78,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Analysts Set New Price Targets

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

Sprott Stock Performance

NYSE SII opened at $44.10 on Wednesday. Sprott Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $48.00. The firm has a market capitalization of $1.14 billion, a P/E ratio of 24.23 and a beta of 1.08. The stock’s fifty day moving average is $42.77 and its two-hundred day moving average is $43.15. 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 (NYSE:SII) last announced its quarterly earnings data 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. Sprott’s dividend payout ratio is currently 63.16%.

Sprott Company 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.