Barclays PLC Acquires 4,497 Shares of Sprott Inc. (NYSE:SII)

Barclays PLC grew its stake in shares of Sprott Inc. (NYSE:SII) by 7,753.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,555 shares of the company’s stock after purchasing an additional 4,497 shares during the quarter. Barclays PLC’s holdings in Sprott were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SII. Toronto Dominion Bank grew its stake in 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 acquiring an additional 271 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Sprott during the second quarter valued at about $29,000. Capital Performance Advisors LLP bought a new stake in shares of Sprott in the third quarter worth about $32,000. Quantbot Technologies LP purchased a new stake in shares of Sprott in the third quarter worth about $78,000. Finally, Northwest & Ethical Investments L.P. bought a new position in Sprott during the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Performance

NYSE:SII opened at $41.92 on Tuesday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 23.03 and a beta of 1.08. Sprott Inc. has a 1 year low of $31.47 and a 1 year high of $48.00. The stock’s 50 day simple moving average is $43.42 and its two-hundred day simple moving average is $43.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30.

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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Sprott’s previous quarterly dividend of $0.25. Sprott’s payout ratio is currently 65.93%.

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.