O Brien Greene & Co. Inc boosted its holdings in shares of Sprott Inc. (NYSE:SII – Free Report) by 42.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,015 shares of the company’s stock after buying an additional 8,000 shares during the quarter. O Brien Greene & Co. Inc owned 0.10% of Sprott worth $1,139,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SII. Point72 Asset Management L.P. raised its stake in shares of Sprott by 1,685.7% in the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock valued at $541,000 after acquiring an additional 11,800 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in Sprott by 47.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after purchasing an additional 187,993 shares in the last quarter. Barclays PLC raised its position in Sprott by 7,753.4% in the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after purchasing an additional 4,497 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Sprott in the 3rd quarter valued at about $231,000. Finally, Geode Capital Management LLC increased its stake in shares of Sprott by 73.7% during the third quarter. Geode Capital Management LLC now owns 33,962 shares of the company’s stock worth $1,817,000 after buying an additional 14,409 shares during the period. Hedge funds and other institutional investors own 28.30% of the company’s stock.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday, January 21st. They issued a “buy” rating for the company.
Sprott Stock Down 1.0 %
Sprott stock opened at $42.99 on Thursday. The stock has a market cap of $1.11 billion, a PE ratio of 23.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The stock’s fifty day moving average is $42.71 and its two-hundred day moving average is $42.90. Sprott Inc. has a 1-year low of $34.51 and a 1-year high of $48.00.
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.
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