Steward Partners Investment Advisory LLC Reduces Stock Position in Sprott Inc. (NYSE:SII)

Steward Partners Investment Advisory LLC lowered its stake in shares of Sprott Inc. (NYSE:SIIFree Report) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,040 shares of the company’s stock after selling 2,514 shares during the period. Steward Partners Investment Advisory LLC owned 0.06% of Sprott worth $511,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of Sprott by 0.8% in the third quarter. Swiss National Bank now owns 48,975 shares of the company’s stock worth $1,504,000 after buying an additional 400 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of Sprott in the fourth quarter worth $34,000. Jump Financial LLC raised its position in shares of Sprott by 22.1% in the fourth quarter. Jump Financial LLC now owns 8,300 shares of the company’s stock worth $282,000 after buying an additional 1,500 shares in the last quarter. Covestor Ltd raised its position in shares of Sprott by 432.2% in the third quarter. Covestor Ltd now owns 1,868 shares of the company’s stock worth $57,000 after buying an additional 1,517 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its position in shares of Sprott by 5.5% in the third quarter. Tocqueville Asset Management L.P. now owns 46,406 shares of the company’s stock worth $1,414,000 after buying an additional 2,440 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Trading Up 2.1 %

NYSE SII opened at $44.52 on Friday. The stock’s 50-day simple moving average is $41.92 and its two-hundred day simple moving average is $37.30. Sprott Inc. has a twelve month low of $28.04 and a twelve month high of $47.30. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.87 and a beta of 1.13.

Sprott (NYSE:SIIGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter. Sprott had a return on equity of 15.15% and a net margin of 28.76%. The business had revenue of $41.54 million for the quarter.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. Sprott’s payout ratio is 55.87%.

Analyst Ratings Changes

Separately, TD Securities upgraded Sprott from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

View Our Latest Analysis on Sprott

About Sprott

(Free Report)

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.

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Institutional Ownership by Quarter for Sprott (NYSE:SII)

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