Acadian Asset Management LLC Sells 94,136 Shares of Sprott Inc. $SII

Key Points

• Acadian Asset Management LLC cut its stake in Sprott Inc. by 56.8%, selling 94,136 shares and retaining 71,611 shares valued at approximately $3.2 million.
• TD Securities downgraded Sprott's rating from "buy" to "hold", while the stock holds an average rating of "Moderate Buy" from analysts.
• Sprott recently announced a quarterly dividend of $0.30 per share, with a dividend yield of 1.7% and a payout ratio of 62.18%.

Acadian Asset Management LLC reduced its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 56.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,611 shares of the company's stock after selling 94,136 shares during the quarter. Acadian Asset Management LLC owned approximately 0.28% of Sprott worth $3,201,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SII. Tacita Capital Inc bought a new stake in Sprott during the first quarter worth $35,000. Deutsche Bank AG lifted its holdings in Sprott by 100.7% during the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after acquiring an additional 1,086 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Sprott in the first quarter worth $247,000. Y Intercept Hong Kong Ltd purchased a new stake in Sprott in the first quarter worth $247,000. Finally, Essex Financial Services Inc. increased its position in Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock worth $255,000 after buying an additional 477 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, TD Securities downgraded Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Sprott Stock Performance

Shares of NYSE SII opened at $69.66 on Monday. The stock has a market cap of $1.80 billion, a PE ratio of 36.09 and a beta of 1.01. Sprott Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $77.16. The stock has a fifty day moving average of $68.19 and a 200-day moving average of $58.41.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. The company had revenue of $41.97 million during the quarter, compared to analysts' expectations of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 annualized dividend and a yield of 1.7%. Sprott's dividend payout ratio (DPR) is currently 62.18%.

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.

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