The Manufacturers Life Insurance Company Acquires 277 Shares of Sprott Inc. (NYSE:SII)

The Manufacturers Life Insurance Company boosted its position in Sprott Inc. (NYSE:SII) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,188 shares of the company’s stock after buying an additional 277 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Sprott worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of SII. Toronto Dominion Bank boosted its position in shares of Sprott by 64.2% during the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock valued at $29,000 after buying an additional 271 shares during the last quarter. TD Asset Management Inc raised its holdings in Sprott by 0.7% in the second quarter. TD Asset Management Inc now owns 56,456 shares of the company’s stock worth $2,341,000 after purchasing an additional 380 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Sprott by 107.1% during the second quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after acquiring an additional 452 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sprott by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the company’s stock worth $296,000 after purchasing an additional 626 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Sprott during the first quarter valued at approximately $39,000. Institutional investors own 28.30% of the company’s stock.

Sprott Stock Down 0.1 %

Shares of SII opened at $44.50 on Tuesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average is $41.90 and its two-hundred day moving average is $42.27. The firm has a market cap of $1.15 billion, a P/E ratio of 24.86 and a beta of 1.10. Sprott Inc. has a 12 month low of $28.04 and a 12 month high of $47.30.

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

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Monday, August 19th. Sprott’s dividend payout ratio (DPR) is 55.87%.

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.