Virtu Financial LLC Invests $229,000 in Sprott Inc. (NYSE:SII)

Virtu Financial LLC purchased a new stake in Sprott Inc. (NYSE:SII) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,435 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. lifted its holdings in shares of Sprott by 1,685.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock worth $541,000 after buying an additional 11,800 shares during the period. Barclays PLC raised its holdings in shares of Sprott by 7,753.4% in the third quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after acquiring an additional 4,497 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Sprott in the third quarter worth about $231,000. O Brien Greene & Co. Inc grew its holdings in Sprott by 42.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company’s stock worth $1,139,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position in Sprott by 18.9% during the 4th 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 period. Institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of SII stock opened at $44.22 on Friday. The stock’s 50-day moving average is $43.30 and its 200 day moving average is $43.38. Sprott Inc. has a 1-year low of $36.76 and a 1-year high of $48.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market cap of $1.14 billion, a P/E ratio of 24.30 and a beta of 1.08.

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

Sprott Dividend Announcement

The firm also recently declared 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Monday, March 10th. Sprott’s payout ratio is presently 63.16%.

Analyst Ratings Changes

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

About Sprott

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.