Geode Capital Management LLC Grows Stock Position in Sprott Inc. (NYSE:SII)

Geode Capital Management LLC lifted its holdings in shares of Sprott Inc. (NYSE:SII) by 73.7% during the third quarter, Holdings Channel.com reports. The fund owned 33,962 shares of the company’s stock after acquiring an additional 14,409 shares during the period. Geode Capital Management LLC’s holdings in Sprott were worth $1,817,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank lifted its position in Sprott by 64.2% during the 2nd quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after acquiring an additional 271 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Sprott in the second quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of Sprott during the third quarter worth about $32,000. Quantbot Technologies LP purchased a new stake in Sprott in the third quarter valued at approximately $78,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in Sprott in the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

SII opened at $41.99 on Thursday. The firm has a 50 day moving average of $43.27 and a two-hundred day moving average of $43.07. The firm has a market capitalization of $1.08 billion, a PE ratio of 23.07 and a beta of 1.08. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott Inc. has a 12-month low of $31.47 and a 12-month high of $48.00.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 18th. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. Sprott’s payout ratio is currently 65.93%.

Sprott Company 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.