Sprott Inc. (NYSE:SII) Shares Sold by Spartan Fund Management Inc.

Spartan Fund Management Inc. lowered its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 86.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,978 shares of the company's stock after selling 25,000 shares during the quarter. Spartan Fund Management Inc.'s holdings in Sprott were worth $172,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its stake in Sprott by 8,419.0% during the first quarter. Harbor Investment Advisory LLC now owns 8,519 shares of the company's stock worth $315,000 after buying an additional 8,419 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Sprott in the first quarter valued at about $1,814,000. Prosperity Consulting Group LLC acquired a new position in shares of Sprott during the first quarter worth about $384,000. Sei Investments Co. acquired a new position in shares of Sprott during the first quarter worth about $431,000. Finally, Anthracite Investment Company Inc. acquired a new position in Sprott during the 1st quarter worth approximately $268,000. Hedge funds and other institutional investors own 28.30% of the company's stock.

Sprott Stock Up 1.7 %

Shares of SII traded up $0.78 during mid-day trading on Tuesday, reaching $47.32. 102,349 shares of the stock traded hands, compared to its average volume of 108,665. The stock has a fifty day simple moving average of $42.60 and a 200 day simple moving average of $42.60. Sprott Inc. has a 12-month low of $28.04 and a 12-month high of $48.00. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 29.58 and a beta of 1.10.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $47.99 million for the quarter. Sprott had a net margin of 26.46% and a return on equity of 13.50%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Monday, August 19th. Sprott's dividend payout ratio (DPR) is 62.50%.

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.