Allspring Global Investments Holdings LLC Decreases Stake in Sprott Inc. (NYSE:SII)

Allspring Global Investments Holdings LLC trimmed its position in Sprott Inc. (NYSE:SII - Free Report) by 42.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,281 shares of the company's stock after selling 20,947 shares during the period. Allspring Global Investments Holdings LLC owned 0.11% of Sprott worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SII. Quadrature Capital Ltd lifted its position in 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 during the period. Lloyd Harbor Capital Management LLC purchased a new stake in shares of Sprott in the second quarter worth about $6,002,000. Sei Investments Co. acquired a new stake in Sprott during the first quarter worth about $431,000. Acadian Asset Management LLC raised its position in Sprott by 683.7% during the second quarter. Acadian Asset Management LLC now owns 39,430 shares of the company's stock valued at $1,626,000 after acquiring an additional 34,399 shares in the last quarter. Finally, O Brien Greene & Co. Inc acquired a new position in Sprott in the second quarter valued at approximately $663,000. Hedge funds and other institutional investors own 28.30% of the company's stock.

Sprott Stock Performance

Sprott stock traded up $0.11 during mid-day trading on Friday, hitting $44.34. The company had a trading volume of 54,576 shares, compared to its average volume of 108,901. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 27.71 and a beta of 1.10. The company's fifty day moving average is $43.27 and its 200-day moving average is $42.84. Sprott Inc. has a 12-month low of $28.70 and a 12-month high of $48.00.

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

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, August 19th. Sprott's dividend payout ratio (DPR) is presently 62.50%.

Sprott Company 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.