Sprott Inc. (NYSE:SII) Holdings Lowered by CWA Asset Management Group LLC

CWA Asset Management Group LLC lowered its holdings in Sprott Inc. (NYSE:SII) by 0.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 225,926 shares of the company’s stock after selling 1,354 shares during the period. CWA Asset Management Group LLC’s holdings in Sprott were worth $9,527,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in Sprott in the second quarter worth approximately $29,000. Toronto Dominion Bank increased its position in Sprott by 64.2% in the 2nd quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after buying an additional 271 shares during the period. Capital Performance Advisors LLP acquired a new position in Sprott during the 3rd quarter valued at $32,000. Quantbot Technologies LP acquired a new stake in Sprott during the third quarter worth about $78,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in Sprott in the 3rd quarter valued at $82,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Price Performance

Shares of SII traded down $0.58 during trading hours on Monday, hitting $42.30. The stock had a trading volume of 14,345 shares, compared to its average volume of 41,402. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.24 and a beta of 1.08. Sprott Inc. has a 52 week low of $31.47 and a 52 week high of $48.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The company’s fifty day moving average is $43.51 and its two-hundred day moving average is $43.09.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a $0.30 dividend. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Monday, November 18th. Sprott’s dividend payout ratio is 65.93%.

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.