Evergreen Capital Management LLC Cuts Holdings in Sprott Inc. $SII

Key Points

• Evergreen Capital Management LLC reduced its holdings in Sprott Inc. by 16.5%, now owning approximately 0.08% of the company valued at $923,000.
• Sprott Inc. announced a quarterly dividend of $0.30, translating to an annualized dividend yield of 1.8%, with a payout ratio of 62.18%.
• The stock recently saw a 1.2% increase, with the current market cap at $1.70 billion and a PE ratio of 34.14.

Evergreen Capital Management LLC decreased its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,562 shares of the company's stock after selling 4,065 shares during the quarter. Evergreen Capital Management LLC owned approximately 0.08% of Sprott worth $923,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in Sprott by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock worth $744,000 after purchasing an additional 476 shares during the period. Essex Financial Services Inc. increased its holdings in shares of Sprott by 9.2% in the 1st quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock valued at $255,000 after acquiring an additional 477 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Sprott by 7.1% in the 1st quarter. Mackenzie Financial Corp now owns 11,571 shares of the company's stock valued at $518,000 after acquiring an additional 764 shares during the last quarter. Tacita Capital Inc purchased a new position in shares of Sprott in the 1st quarter valued at about $35,000. Finally, Stifel Financial Corp increased its holdings in shares of Sprott by 2.3% in the 4th quarter. Stifel Financial Corp now owns 44,118 shares of the company's stock valued at $1,860,000 after acquiring an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 28.30% of the company's stock.

Sprott Stock Up 1.2%

Shares of NYSE SII opened at $65.90 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of 34.14 and a beta of 1.04. Sprott Inc. has a 52-week low of $38.44 and a 52-week high of $77.16. The business has a 50-day moving average price of $68.16 and a 200 day moving average price of $56.59.

Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The firm 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. Sprott's dividend payout ratio is 62.18%.

Analyst Ratings Changes

Separately, TD Securities downgraded Sprott from a "buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Sprott 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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