Waratah Capital Advisors Ltd. increased its stake in shares of Sprott Inc. (NYSE:SII – Free Report) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,062,758 shares of the company’s stock after purchasing an additional 37,500 shares during the quarter. Sprott accounts for approximately 0.9% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 17th biggest position. Waratah Capital Advisors Ltd. owned approximately 4.10% of Sprott worth $38,835,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. CWM LLC acquired a new stake in shares of Sprott during the first quarter worth $35,000. Deutsche Bank AG acquired a new stake in shares of Sprott during the fourth quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sprott by 17.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,503 shares of the company’s stock worth $128,000 after purchasing an additional 530 shares during the period. UBS Group AG raised its position in Sprott by 146.9% in the third quarter. UBS Group AG now owns 3,877 shares of the company’s stock worth $129,000 after acquiring an additional 2,307 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in Sprott in the first quarter worth $252,000. 25.27% of the stock is owned by institutional investors and hedge funds.
Sprott Price Performance
NYSE:SII traded down $0.31 during trading hours on Tuesday, hitting $32.22. The company’s stock had a trading volume of 18,879 shares, compared to its average volume of 56,899. The business’s 50-day moving average is $32.92 and its two-hundred day moving average is $34.68. The company has a market capitalization of $833.53 million, a PE ratio of 23.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.79 and a current ratio of 1.79. Sprott Inc. has a 52-week low of $29.76 and a 52-week high of $41.96.
Sprott Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, August 18th. Sprott’s payout ratio is 70.92%.
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.