Dimensional Fund Advisors LP Increases Holdings in Sprott Inc. (NYSE:SII)

Dimensional Fund Advisors LP increased its holdings in shares of Sprott Inc. (NYSE:SII) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,817 shares of the company’s stock after purchasing an additional 2,640 shares during the period. Dimensional Fund Advisors LP owned 0.20% of Sprott worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AGF Management Ltd. purchased a new position in Sprott in the 2nd quarter valued at about $2,078,000. Acadian Asset Management LLC boosted its position in Sprott by 683.7% in the 2nd quarter. Acadian Asset Management LLC now owns 39,430 shares of the company’s stock valued at $1,626,000 after buying an additional 34,399 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Sprott by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 56,456 shares of the company’s stock valued at $2,341,000 after purchasing an additional 380 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Sprott by 6.7% in the 2nd quarter. CIBC Asset Management Inc now owns 27,927 shares of the company’s stock valued at $1,157,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Spinnaker Trust acquired a new stake in shares of Sprott in the 2nd quarter valued at about $248,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Performance

Shares of Sprott stock opened at $44.55 on Friday. The firm has a market cap of $1.15 billion, a PE ratio of 27.84 and a beta of 1.10. The firm’s 50-day simple moving average is $41.82 and its 200-day simple moving average is $42.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.02 and a current ratio of 3.02. Sprott Inc. has a 1 year low of $28.04 and a 1 year high of $47.30.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $47.99 million for the quarter. Sprott had a net margin of 26.46% and a return on equity of 13.50%.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. Sprott’s dividend payout ratio (DPR) is presently 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.