Global Alpha Capital Management Ltd. Sells 160,300 Shares of Sprott Inc. (NYSE:SII)

Global Alpha Capital Management Ltd. trimmed its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 427,108 shares of the company's stock after selling 160,300 shares during the period. Global Alpha Capital Management Ltd. owned 1.65% of Sprott worth $17,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SII. CWA Asset Management Group LLC bought a new position in shares of Sprott during the 3rd quarter worth $9,843,000. Sprott Inc. boosted its position in Sprott by 6.9% during the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock worth $65,835,000 after purchasing an additional 100,585 shares during the period. Regal Partners Ltd purchased a new position in shares of Sprott in the third quarter worth about $2,875,000. Raymond James Financial Inc. bought a new stake in shares of Sprott in the fourth quarter valued at approximately $2,531,000. Finally, Geode Capital Management LLC lifted its stake in shares of Sprott by 73.7% during the 3rd quarter. Geode Capital Management LLC now owns 33,962 shares of the company's stock valued at $1,817,000 after buying an additional 14,409 shares in the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SII. BMO Capital Markets started coverage on shares of Sprott in a research note on Friday, March 7th. They issued an "outperform" rating for the company. Canaccord Genuity Group began coverage on Sprott in a research note on Tuesday, January 21st. They set a "buy" rating on the stock.

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Sprott Price Performance

Shares of SII stock traded up $0.83 during trading hours on Wednesday, reaching $42.81. The stock had a trading volume of 103,984 shares, compared to its average volume of 102,178. The stock's fifty day simple moving average is $42.73 and its 200 day simple moving average is $43.10. The firm has a market capitalization of $1.10 billion, a PE ratio of 23.52 and a beta of 1.08. Sprott Inc. has a 12 month low of $34.51 and a 12 month high of $48.00. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. The business had revenue of $36.80 million for the quarter, compared to analysts' expectations of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.80%. The ex-dividend date is Monday, March 10th. Sprott's payout ratio is 63.16%.

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.