North Star Investment Management Corp. Lowers Position in Sprott Inc. $SII

Key Points

• North Star Investment Management Corp. reduced its stake in Sprott Inc. by 17.3%, owning approximately 0.39% of the company valued at $7,036,000 after selling 21,330 shares.
• Sprott Inc. recently announced a quarterly dividend of $0.30 per share, with a dividend yield of 1.6% and a payout ratio of 62.18%.
• TD Securities downgraded Sprott from a "buy" to a "hold" rating, but the stock still holds a consensus rating of "Moderate Buy" among analysts.

North Star Investment Management Corp. reduced its stake in Sprott Inc. (NYSE:SII - Free Report) by 17.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,832 shares of the company's stock after selling 21,330 shares during the quarter. North Star Investment Management Corp. owned approximately 0.39% of Sprott worth $7,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sprott Inc. raised its position in Sprott by 1.5% in the 1st quarter. Sprott Inc. now owns 1,584,688 shares of the company's stock valued at $71,105,000 after buying an additional 23,500 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in Sprott by 41.0% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company's stock valued at $26,988,000 after buying an additional 175,200 shares during the last quarter. Jacobs Asset Management LLC raised its position in Sprott by 11.2% in the 1st quarter. Jacobs Asset Management LLC now owns 288,779 shares of the company's stock valued at $12,958,000 after buying an additional 29,069 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Sprott by 15.8% in the 1st quarter. Tocqueville Asset Management L.P. now owns 164,043 shares of the company's stock valued at $7,361,000 after buying an additional 22,345 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Sprott by 94.1% in the 4th quarter. Bank of America Corp DE now owns 139,642 shares of the company's stock valued at $5,889,000 after buying an additional 67,689 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sprott Price Performance

NYSE SII opened at $77.37 on Thursday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 40.09 and a beta of 1.01. Sprott Inc. has a one year low of $39.33 and a one year high of $78.49. The business's fifty day moving average is $68.57 and its 200-day moving average is $59.88.

Sprott (NYSE:SII - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. The company had revenue of $41.97 million for 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, August 18th. Sprott's payout ratio is presently 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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