Rialto Wealth Management LLC Invests $27,000 in Sprott Inc. (NYSE:SII)

Rialto Wealth Management LLC purchased a new stake in shares of Sprott Inc. (NYSE:SII) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 635 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds have also bought and sold shares of the company. Global Alpha Capital Management Ltd. grew its stake 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 during the period. Sprott Inc. grew its position in Sprott by 6.9% during the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company’s stock valued at $65,835,000 after buying an additional 100,585 shares during the period. Regal Partners Ltd purchased a new stake in Sprott during the third quarter worth about $2,875,000. Raymond James Financial Inc. bought a new stake in Sprott in the fourth quarter worth about $2,531,000. Finally, Geode Capital Management LLC raised its position in Sprott by 73.7% in the third quarter. Geode Capital Management LLC now owns 33,962 shares of the company’s stock worth $1,817,000 after acquiring an additional 14,409 shares during the period. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” rating for the company. BMO Capital Markets initiated coverage on Sprott in a report on Friday. They set an “outperform” rating for the company.

Sprott Trading Up 3.5 %

Shares of Sprott stock opened at $44.50 on Monday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 24.45 and a beta of 1.08. Sprott Inc. has a 52-week low of $34.51 and a 52-week high of $48.00. 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 stock’s 50-day simple moving average is $42.73 and its 200 day simple moving average is $43.10.

Sprott (NYSE:SII) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.12. The company had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.70%. Sprott’s dividend payout ratio is currently 63.16%.

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.