Sprott Inc. (NYSE:SII) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of Sprott Inc. (NYSE:SII) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,146 shares of the company’s stock after selling 843 shares during the period. Stifel Financial Corp owned 0.17% of Sprott worth $1,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in SII. Point72 Asset Management L.P. increased its stake in Sprott by 1,685.7% during the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock worth $541,000 after purchasing an additional 11,800 shares during the period. Praetorian PR LLC lifted its stake in Sprott by 1.0% in the third quarter. Praetorian PR LLC now owns 575,000 shares of the company’s stock valued at $24,903,000 after buying an additional 5,500 shares during the last quarter. PDT Partners LLC raised its position in Sprott by 10.2% in the 3rd quarter. PDT Partners LLC now owns 24,241 shares of the company’s stock valued at $1,050,000 after purchasing an additional 2,238 shares during the last quarter. Crawford Fund Management LLC raised its holdings in shares of Sprott by 11.7% in the third quarter. Crawford Fund Management LLC now owns 99,139 shares of the company’s stock valued at $4,296,000 after buying an additional 10,400 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Sprott during the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

NYSE:SII opened at $42.41 on Friday. Sprott Inc. has a 1-year low of $31.47 and a 1-year high of $48.00. The firm’s fifty day moving average price is $44.20 and its 200 day moving average price is $43.09. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 23.30 and a beta of 1.07. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.83%. This is a boost from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s dividend payout ratio is presently 65.93%.

About Sprott

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.