CWA Asset Management Group LLC acquired a new stake in Sprott Inc. (NYSE:SII - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 227,280 shares of the company's stock, valued at approximately $9,843,000. CWA Asset Management Group LLC owned 0.88% of Sprott at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in SII. Sei Investments Co. acquired a new position in shares of Sprott during the 1st quarter worth about $431,000. Anthracite Investment Company Inc. acquired a new position in shares of Sprott during the first quarter valued at approximately $268,000. Tocqueville Asset Management L.P. lifted its position in shares of Sprott by 24.0% in the first quarter. Tocqueville Asset Management L.P. now owns 56,566 shares of the company's stock valued at $2,091,000 after acquiring an additional 10,934 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Sprott in the first quarter valued at approximately $185,000. Finally, Quadrature Capital Ltd boosted its stake in shares of Sprott by 390.9% in the first quarter. Quadrature Capital Ltd now owns 32,400 shares of the company's stock worth $1,195,000 after acquiring an additional 25,800 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.
Sprott Price Performance
NYSE SII traded down $0.39 during mid-day trading on Friday, hitting $43.35. The stock had a trading volume of 106,968 shares, compared to its average volume of 110,157. The firm's 50 day moving average is $43.51 and its 200 day moving average is $42.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 23.82 and a beta of 1.09. Sprott Inc. has a twelve month low of $28.70 and a twelve month high of $48.00.
Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter. Sprott had a net margin of 27.38% and a return on equity of 15.27%. The firm had revenue of $47.99 million for the quarter.
Sprott Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Sprott's previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 18th. Sprott's dividend payout ratio (DPR) is 54.95%.
About Sprott
(
Free Report)
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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