Caprock Group LLC Buys New Position in Sprott Inc. (NYSE:SII)

Caprock Group LLC bought a new stake in shares of Sprott Inc. (NYSE:SII) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,125 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Regal Partners Ltd bought a new position in shares of Sprott during the third quarter valued at approximately $2,875,000. Aigen Investment Management LP purchased a new stake in Sprott in the third quarter worth $308,000. Arcus Capital Partners LLC purchased a new stake in Sprott in the third quarter worth $214,000. CWA Asset Management Group LLC purchased a new stake in Sprott in the third quarter worth $9,843,000. Finally, Capital Performance Advisors LLP purchased a new stake in Sprott in the third quarter worth $32,000. Institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of SII stock opened at $44.42 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 24.41 and a beta of 1.09. The business’s fifty day moving average is $44.15 and its 200 day moving average is $43.20. Sprott Inc. has a twelve month low of $31.00 and a twelve month high of $48.00. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.70%. This is a boost from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 18th. Sprott’s dividend payout ratio is presently 65.93%.

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.