Spartan Fund Management Inc. Has $172,000 Stock Holdings in Sprott Inc. (NYSE:SII)

Spartan Fund Management Inc. cut its stake in shares of Sprott Inc. (NYSE:SII) by 86.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,978 shares of the company’s stock after selling 25,000 shares during the period. Spartan Fund Management Inc.’s holdings in Sprott were worth $172,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates grew its holdings in Sprott by 20.1% in the 3rd quarter. Raymond James & Associates now owns 87,622 shares of the company’s stock valued at $3,795,000 after buying an additional 14,635 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Sprott during the third quarter worth about $161,000. Point72 Asset Management L.P. bought a new position in Sprott during the second quarter worth about $29,000. Lloyd Harbor Capital Management LLC acquired a new stake in Sprott in the 2nd quarter worth about $6,002,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Sprott by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 17,188 shares of the company’s stock worth $712,000 after purchasing an additional 277 shares during the period. 28.30% of the stock is owned by institutional investors.

Sprott Price Performance

Shares of NYSE SII traded up $0.37 during midday trading on Tuesday, reaching $46.91. The company’s stock had a trading volume of 56,306 shares, compared to its average volume of 108,438. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market cap of $1.21 billion, a P/E ratio of 29.09 and a beta of 1.10. The business’s 50 day moving average price is $42.47 and its two-hundred day moving average price is $42.55. Sprott Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $48.00.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter. Sprott had a net margin of 26.46% and a return on equity of 13.50%. The business had revenue of $47.99 million during the quarter.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, August 19th. Sprott’s dividend payout ratio is 62.50%.

Sprott Company 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.