WCG Wealth Advisors LLC Lowers Holdings in Sprott Inc. (NYSE:SII)

WCG Wealth Advisors LLC trimmed its position in Sprott Inc. (NYSE:SII) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,900 shares of the company’s stock after selling 300 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Sprott were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. O Brien Greene & Co. Inc purchased a new stake in shares of Sprott in the 2nd quarter worth $663,000. Renaissance Technologies LLC lifted its holdings in shares of Sprott by 29.1% in the 2nd quarter. Renaissance Technologies LLC now owns 26,200 shares of the company’s stock worth $1,084,000 after buying an additional 5,900 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Sprott by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,817 shares of the company’s stock worth $2,103,000 after buying an additional 2,640 shares during the period. AGF Management Ltd. purchased a new stake in shares of Sprott in the 2nd quarter worth $2,078,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Sprott by 683.7% in the 2nd quarter. Acadian Asset Management LLC now owns 39,430 shares of the company’s stock worth $1,626,000 after buying an additional 34,399 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Price Performance

Shares of SII stock opened at $42.41 on Friday. Sprott Inc. has a twelve month low of $28.04 and a twelve month high of $47.30. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.69 and a beta of 1.10. The stock has a fifty day simple moving average of $42.06 and a two-hundred day simple moving average of $41.24. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.10.

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

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, August 19th. Sprott’s dividend payout ratio (DPR) is currently 55.87%.

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.