Arcus Capital Partners LLC Takes Position in Sprott Inc. (NYSE:SII)

Arcus Capital Partners LLC acquired a new stake in Sprott Inc. (NYSE:SII - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,523 shares of the company's stock, valued at approximately $293,000.

Other large investors also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Sprott by 40.3% in the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after buying an additional 300 shares during the period. LPL Financial LLC lifted its stake in shares of Sprott by 1.2% in the 4th quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after purchasing an additional 392 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Sprott by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock valued at $744,000 after purchasing an additional 476 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Sprott by 9.2% during the 1st quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock valued at $255,000 after purchasing an additional 477 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Sprott by 919.8% during the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock worth $35,000 after purchasing an additional 745 shares during the period. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Up 0.9%

SII stock traded up $0.63 during mid-day trading on Friday, reaching $70.86. The company's stock had a trading volume of 106,493 shares, compared to its average volume of 136,195. Sprott Inc. has a 12 month low of $38.41 and a 12 month high of $71.09. The business's 50 day moving average price is $61.36 and its 200 day moving average price is $50.15. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 36.90 and a beta of 1.04.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.14. Sprott had a net margin of 27.53% and a return on equity of 15.34%. The firm had revenue of $37.38 million for the quarter, compared to analyst estimates of $40.48 million.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. Sprott's dividend payout ratio is 62.50%.

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.