Harbor Investment Advisory LLC Sells 330 Shares of Sprott Inc. (NYSE:SII)

Harbor Investment Advisory LLC lowered its stake in shares of Sprott Inc. (NYSE:SII) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,559 shares of the company’s stock after selling 330 shares during the quarter. Harbor Investment Advisory LLC owned about 0.06% of Sprott worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Sprott during the first quarter valued at about $1,814,000. Quadrature Capital Ltd raised its stake in Sprott by 390.9% in the first quarter. Quadrature Capital Ltd now owns 32,400 shares of the company’s stock valued at $1,195,000 after buying an additional 25,800 shares during the last quarter. Lloyd Harbor Capital Management LLC purchased a new stake in Sprott in the second quarter valued at about $6,002,000. Sprott Inc. boosted its holdings in Sprott by 28.3% in the fourth quarter. Sprott Inc. now owns 58,967 shares of the company’s stock worth $2,002,000 after acquiring an additional 13,005 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in Sprott in the first quarter worth about $431,000. Institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of NYSE SII opened at $44.71 on Friday. 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 $1.16 billion, a PE ratio of 24.98 and a beta of 1.10. The business has a 50-day simple moving average of $41.73 and a two-hundred day simple moving average of $41.89. Sprott Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $47.30.

Sprott (NYSE:SII) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) 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 for the quarter.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. Sprott’s payout ratio is 55.87%.

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.