North Star Investment Management Corp. Sells 20,671 Shares of Sprott Inc. (NYSE:SII)

North Star Investment Management Corp. reduced its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,162 shares of the company's stock after selling 20,671 shares during the quarter. North Star Investment Management Corp. owned about 0.48% of Sprott worth $5,526,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Meixler Investment Management Ltd. purchased a new stake in shares of Sprott in the fourth quarter worth approximately $273,000. O Brien Greene & Co. Inc raised its stake in shares of Sprott by 42.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company's stock worth $1,139,000 after purchasing an additional 8,000 shares during the last quarter. Sprott Inc. raised its stake in shares of Sprott by 6.9% in the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock worth $65,835,000 after purchasing an additional 100,585 shares during the last quarter. WR Wealth Planners LLC raised its stake in shares of Sprott by 11.9% in the fourth quarter. WR Wealth Planners LLC now owns 7,990 shares of the company's stock worth $337,000 after purchasing an additional 850 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Sprott by 40.3% in 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 last quarter. 28.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sprott Stock Performance

Shares of SII traded down $0.11 on Friday, reaching $63.26. 138,474 shares of the company's stock traded hands, compared to its average volume of 131,351. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.63 billion, a PE ratio of 34.76 and a beta of 1.00. The stock's 50 day simple moving average is $54.61 and its two-hundred day simple moving average is $47.06. Sprott Inc. has a 52-week low of $38.41 and a 52-week high of $63.80.

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, beating analysts' consensus estimates of $0.32 by $0.14. The company had revenue of $37.38 million during the quarter, compared to the consensus estimate of $40.48 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Tuesday, May 20th. Sprott's payout ratio is 62.50%.

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.