CWA Asset Management Group LLC Has $3.21 Million Stake in Sprott Inc. (NYSE:SII)

CWA Asset Management Group LLC lowered its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 68.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,496 shares of the company's stock after selling 154,430 shares during the quarter. CWA Asset Management Group LLC owned about 0.28% of Sprott worth $3,208,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SII. Sprott Inc. lifted its holdings in shares of Sprott by 6.9% during the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock worth $65,835,000 after buying an additional 100,585 shares during the last quarter. Norges Bank acquired a new position in shares of Sprott during the fourth quarter worth approximately $20,936,000. Clean Energy Transition LLP lifted its holdings in shares of Sprott by 110.6% during the fourth quarter. Clean Energy Transition LLP now owns 194,372 shares of the company's stock worth $8,197,000 after buying an additional 102,064 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Sprott by 18.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company's stock worth $8,116,000 after buying an additional 30,622 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sprott by 757.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock worth $7,794,000 after buying an additional 163,427 shares during the last quarter. Institutional investors own 28.30% of the company's stock.

Sprott Stock Down 0.1%

Shares of SII stock traded down $0.08 during trading hours on Friday, reaching $65.35. 158,690 shares of the company's stock were exchanged, compared to its average volume of 132,775. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $65.76. The stock has a market capitalization of $1.69 billion, a P/E ratio of 34.04 and a beta of 1.00. The business has a fifty day moving average price of $56.77 and a 200-day moving average price of $47.79.

Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.14. The company had revenue of $37.38 million during the quarter, compared to analyst estimates of $40.48 million. Sprott had a return on equity of 15.34% and a net margin of 27.53%.

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. Sprott's payout ratio is 62.50%.

Analyst Ratings Changes

Separately, BMO Capital Markets began coverage on Sprott in a report on Friday, March 7th. They set an "outperform" rating for the company.

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.