ORG Partners LLC Invests $153,000 in Sprott Inc. (NYSE:SII)

ORG Partners LLC bought a new position in Sprott Inc. (NYSE:SII) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,728 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds also recently bought and sold shares of the business. Mather Group LLC. boosted its position in Sprott by 107.1% during the second quarter. Mather Group LLC. now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 452 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in shares of Sprott by 126.6% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company’s stock valued at $40,000 after purchasing an additional 666 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Sprott by 4.1% in the fourth quarter. CIBC Asset Management Inc now owns 22,706 shares of the company’s stock valued at $772,000 after purchasing an additional 896 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Sprott in the first quarter valued at approximately $39,000. Finally, Jump Financial LLC increased its holdings in shares of Sprott by 22.1% in the fourth quarter. Jump Financial LLC now owns 8,300 shares of the company’s stock valued at $282,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised Sprott from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 9th.

Sprott Trading Up 2.0 %

Shares of NYSE SII traded up $0.81 during trading on Thursday, reaching $41.41. The stock had a trading volume of 11,171 shares, compared to its average volume of 111,111. Sprott Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $47.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.02 and a current ratio of 3.02. The business’s 50-day moving average price is $42.77 and its 200-day moving average price is $40.59. The company has a market cap of $1.07 billion, a P/E ratio of 22.70 and a beta of 1.10.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. Sprott’s payout ratio is presently 55.87%.

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.