Sprott Inc. (NYSE:SII) Shares Sold by Cannell & Co.

Cannell & Co. lessened its position in Sprott Inc. (NYSE:SII) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,441 shares of the company’s stock after selling 61,225 shares during the period. Cannell & Co.’s holdings in Sprott were worth $3,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SII. CWA Asset Management Group LLC raised its holdings in Sprott by 16.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 363,011 shares of the company’s stock valued at $11,061,000 after acquiring an additional 50,641 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of Sprott by 7.7% in the fourth quarter. North Star Investment Management Corp. now owns 162,716 shares of the company’s stock valued at $5,524,000 after purchasing an additional 11,586 shares during the period. Raymond James & Associates increased its stake in Sprott by 10.3% in the fourth quarter. Raymond James & Associates now owns 59,211 shares of the company’s stock valued at $2,010,000 after purchasing an additional 5,545 shares during the last quarter. CenterBook Partners LP lifted its position in Sprott by 42.9% during the third quarter. CenterBook Partners LP now owns 50,863 shares of the company’s stock worth $1,550,000 after buying an additional 15,261 shares during the period. Finally, Swiss National Bank boosted its stake in Sprott by 0.8% in the 3rd quarter. Swiss National Bank now owns 48,975 shares of the company’s stock worth $1,504,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Performance

Shares of SII stock opened at $40.37 on Thursday. Sprott Inc. has a one year low of $28.04 and a one year high of $42.43. The company has a 50 day moving average price of $38.00 and a 200 day moving average price of $34.71. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 24.47 and a beta of 1.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10.

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

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, March 1st. Sprott’s dividend payout ratio is currently 60.61%.

Analyst Ratings Changes

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

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.