CWA Asset Management Group LLC Lowers Position in Sprott Inc. (NYSE:SII)

CWA Asset Management Group LLC lowered its position in Sprott Inc. (NYSE:SII - Free Report) by 68.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE boosted its position in Sprott by 40.3% during the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock worth $44,000 after purchasing an additional 300 shares during the period. LPL Financial LLC lifted its stake in shares of Sprott by 1.2% during the 4th quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after buying an additional 392 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sprott by 2.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock worth $744,000 after buying an additional 476 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Sprott in the 4th quarter worth approximately $25,000. Finally, Rialto Wealth Management LLC purchased a new position in Sprott in the 4th quarter valued at approximately $27,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Up 1.5%

SII traded up $0.94 during trading on Thursday, reaching $65.26. 145,780 shares of the company were exchanged, compared to its average volume of 132,564. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $65.67. The company's 50-day moving average is $55.99 and its two-hundred day moving average is $47.47. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 33.99 and a beta of 1.00.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results 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 return on equity of 15.34% and a net margin of 27.53%. The firm had revenue of $37.38 million for the quarter, compared to analysts' expectations of $40.48 million.

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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott's dividend payout ratio (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

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

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.