Raymond James Financial Services Advisors Inc. Sells 600 Shares of Sprott Inc. (NYSE:SII)

Raymond James Financial Services Advisors Inc. decreased its position in Sprott Inc. (NYSE:SII) by 6.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,252 shares of the company’s stock after selling 600 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sprott were worth $314,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its holdings in Sprott by 16.2% during the third quarter. CWA Asset Management Group LLC now owns 363,011 shares of the company’s stock worth $11,061,000 after buying an additional 50,641 shares during the last quarter. CenterBook Partners LP lifted its holdings in shares of Sprott by 42.9% during the 3rd quarter. CenterBook Partners LP now owns 50,863 shares of the company’s stock valued at $1,550,000 after purchasing an additional 15,261 shares in the last quarter. First Foundation Advisors bought a new position in shares of Sprott during the 3rd quarter valued at about $451,000. North Star Investment Management Corp. raised its position in Sprott by 7.7% in the 4th quarter. North Star Investment Management Corp. now owns 162,716 shares of the company’s stock valued at $5,524,000 after buying an additional 11,586 shares during the last quarter. Finally, WCG Wealth Advisors LLC acquired a new position in shares of Sprott during the 3rd quarter worth approximately $317,000. Institutional investors own 28.30% of the company’s stock.

Sprott Stock Down 0.3 %

NYSE:SII opened at $39.92 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.19 and a beta of 1.14. Sprott Inc. has a twelve month low of $28.04 and a twelve month high of $42.43. The stock’s 50 day moving average price is $37.69 and its two-hundred day moving average price is $34.26. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08.

Sprott (NYSE:SII) last posted its earnings results on Wednesday, February 21st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.09). The business had revenue of $36.67 million for the quarter. Sprott had a return on equity of 14.19% and a net margin of 27.34%.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, March 1st. Sprott’s payout ratio is presently 60.61%.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Sprott from a “c+” rating to a “b-” rating in a research report on Thursday, January 18th.

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.