Global Alpha Capital Management Ltd. Grows Stake in Sprott Inc. (NYSE:SII)

Global Alpha Capital Management Ltd. lifted its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 47.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 587,408 shares of the company's stock after acquiring an additional 187,993 shares during the quarter. Sprott makes up about 1.7% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 27th biggest holding. Global Alpha Capital Management Ltd. owned 2.27% of Sprott worth $25,453,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SII. Quadrature Capital Ltd lifted its position in shares of Sprott by 390.9% during the first quarter. Quadrature Capital Ltd now owns 32,400 shares of the company's stock valued at $1,195,000 after purchasing an additional 25,800 shares in the last quarter. Lloyd Harbor Capital Management LLC purchased a new stake in shares of Sprott during the second quarter valued at $6,002,000. Sei Investments Co. purchased a new stake in Sprott during the first quarter valued at approximately $431,000. Acadian Asset Management LLC lifted its stake in Sprott by 683.7% in the 2nd quarter. Acadian Asset Management LLC now owns 39,430 shares of the company's stock worth $1,626,000 after purchasing an additional 34,399 shares in the last quarter. Finally, O Brien Greene & Co. Inc purchased a new stake in shares of Sprott during the second quarter valued at $663,000. Institutional investors own 28.30% of the company's stock.

Sprott Stock Performance

SII stock traded up $0.35 during trading on Wednesday, reaching $44.04. The company had a trading volume of 109,301 shares, compared to its average volume of 110,940. 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 firm has a 50-day simple moving average of $43.94 and a 200-day simple moving average of $43.15. Sprott Inc. has a twelve month low of $30.28 and a twelve month high of $48.00. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 24.01 and a beta of 1.09.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.72%. This is a positive change from Sprott's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 18th. Sprott's dividend payout ratio is presently 54.95%.

Sprott 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.