T. Rowe Price Investment Management Inc. Acquires New Position in Sprott Inc. (NYSE:SII)

T. Rowe Price Investment Management Inc. bought a new position in shares of Sprott Inc. (NYSE:SII) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 166,912 shares of the company’s stock, valued at approximately $7,039,000. T. Rowe Price Investment Management Inc. owned 0.65% of Sprott as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott during the fourth quarter worth $25,000. Rialto Wealth Management LLC acquired a new position in shares of Sprott during the 4th quarter worth about $27,000. Jones Financial Companies Lllp increased its stake in shares of Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock valued at $35,000 after acquiring an additional 745 shares during the last quarter. US Bancorp DE raised its position in shares of Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after acquiring an additional 300 shares during the period. Finally, SG Americas Securities LLC bought a new position in Sprott during the 4th quarter worth approximately $145,000. Institutional investors own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sprott Stock Performance

Shares of SII stock opened at $52.34 on Monday. 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 52 week low of $38.41 and a 52 week high of $54.82. The company’s 50 day moving average price is $44.92 and its two-hundred day moving average price is $44.00. The company has a market capitalization of $1.35 billion, a P/E ratio of 28.76 and a beta of 1.01.

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

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. 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.