Arcus Capital Partners LLC Has $394,000 Stake in Sprott Inc. $SII

Arcus Capital Partners LLC trimmed its position in Sprott Inc. (NYSE:SII) by 12.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,700 shares of the company’s stock after selling 823 shares during the period. Arcus Capital Partners LLC’s holdings in Sprott were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SII. Tacita Capital Inc bought a new stake in Sprott during the first quarter worth about $35,000. Ameritas Advisory Services LLC acquired a new position in Sprott during the second quarter worth approximately $74,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in Sprott by 34.1% during the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,599 shares of the company’s stock worth $110,000 after buying an additional 407 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in Sprott during the second quarter worth approximately $211,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Sprott during the first quarter worth approximately $247,000. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Securities downgraded Sprott from a “buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Sprott Stock Performance

Shares of SII opened at $84.77 on Friday. Sprott Inc. has a 52 week low of $39.33 and a 52 week high of $89.58. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 43.92 and a beta of 0.99. The stock has a fifty day moving average of $73.48 and a 200-day moving average of $64.77.

Sprott (NYSE:SII) last announced its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. The business had revenue of $41.97 million during the quarter, compared to analyst estimates of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.30 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. Sprott’s dividend payout ratio (DPR) is currently 62.18%.

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.