Franklin Resources Inc. Acquires Shares of 5,100 Sprott Inc. (NYSE:SII)

Franklin Resources Inc. bought a new position in Sprott Inc. (NYSE:SII) during the 3rd quarter, HoldingsChannel reports. The fund bought 5,100 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds have also made changes to their positions in the company. Global Alpha Capital Management Ltd. boosted its position in Sprott by 47.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after buying an additional 187,993 shares in the last quarter. Praetorian PR LLC raised its stake in shares of Sprott by 1.0% in the third quarter. Praetorian PR LLC now owns 575,000 shares of the company’s stock valued at $24,903,000 after acquiring an additional 5,500 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Sprott in the 3rd quarter worth approximately $9,843,000. Lloyd Harbor Capital Management LLC bought a new stake in Sprott during the 2nd quarter worth approximately $6,002,000. Finally, Crawford Fund Management LLC increased its holdings in Sprott by 11.7% during the 3rd quarter. Crawford Fund Management LLC now owns 99,139 shares of the company’s stock valued at $4,296,000 after purchasing an additional 10,400 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Trading Up 1.8 %

Shares of SII opened at $42.17 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 23.17 and a beta of 1.07. The stock has a fifty day moving average price of $43.62 and a two-hundred day moving average price of $43.04. Sprott Inc. has a 52-week low of $31.47 and a 52-week high of $48.00.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s payout ratio is currently 65.93%.

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.