Royce & Associates LP Sells 25,090 Shares of Sprott Inc. (NYSE:SII)

Royce & Associates LP cut its stake in Sprott Inc. (NYSE:SII - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 853,557 shares of the company's stock after selling 25,090 shares during the period. Royce & Associates LP owned about 3.31% of Sprott worth $38,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SII. Deutsche Bank AG grew its position in Sprott by 100.7% during the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after acquiring an additional 1,086 shares during the last quarter. Quantbot Technologies LP grew its position in Sprott by 135.7% during the 4th quarter. Quantbot Technologies LP now owns 4,269 shares of the company's stock worth $180,000 after acquiring an additional 2,458 shares during the last quarter. HighTower Advisors LLC bought a new stake in Sprott during the 4th quarter worth approximately $228,000. Virtu Financial LLC bought a new stake in Sprott during the 4th quarter worth approximately $229,000. Finally, Fidelis Capital Partners LLC bought a new stake in Sprott during the 1st quarter worth approximately $247,000. 28.30% of the stock is owned by institutional investors and hedge funds.

Sprott Stock Performance

SII traded down $1.90 during mid-day trading on Monday, reaching $68.94. The stock had a trading volume of 273,890 shares, compared to its average volume of 164,807. The stock has a market capitalization of $1.78 billion, a P/E ratio of 35.91 and a beta of 1.04. The firm's fifty day simple moving average is $65.45 and its two-hundred day simple moving average is $52.60. Sprott Inc. has a 52 week low of $38.41 and a 52 week high of $77.16.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.14. The firm had revenue of $37.38 million for 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 business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.74%. Sprott's dividend payout ratio is currently 62.50%.

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.

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.