UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Sprott Inc. (NYSE:SII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Sprott Inc. (NYSE:SII) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,454 shares of the company’s stock after selling 3,627 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Sprott worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Sprott during the second quarter worth about $170,000. Raymond James & Associates increased its position in shares of Sprott by 5.9% in the second quarter. Raymond James & Associates now owns 72,987 shares of the company’s stock valued at $3,021,000 after buying an additional 4,095 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sprott by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the company’s stock worth $296,000 after buying an additional 626 shares during the last quarter. Spinnaker Trust purchased a new stake in shares of Sprott in the 2nd quarter worth about $248,000. Finally, CIBC Asset Management Inc increased its holdings in Sprott by 6.7% during the 2nd quarter. CIBC Asset Management Inc now owns 27,927 shares of the company’s stock valued at $1,157,000 after acquiring an additional 1,759 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Down 1.9 %

Shares of NYSE SII opened at $43.09 on Wednesday. The firm’s 50-day moving average is $44.33 and its two-hundred day moving average is $43.11. The company has a market capitalization of $1.11 billion, a PE ratio of 23.68 and a beta of 1.07. Sprott Inc. has a 12-month low of $31.47 and a 12-month 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.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $0.30 per share. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 2.78%. Sprott’s dividend payout ratio (DPR) is presently 65.93%.

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.