Sprott Inc. (NYSE:SII) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. decreased its position in Sprott Inc. (NYSE:SII - Free Report) by 14.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,162 shares of the company's stock after selling 20,671 shares during the quarter. North Star Investment Management Corp. owned 0.48% of Sprott worth $5,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meixler Investment Management Ltd. bought a new stake in Sprott during the fourth quarter worth approximately $273,000. O Brien Greene & Co. Inc boosted its stake in Sprott by 42.1% during the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company's stock worth $1,139,000 after buying an additional 8,000 shares during the period. Sprott Inc. increased its position in Sprott by 6.9% during the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock valued at $65,835,000 after acquiring an additional 100,585 shares during the last quarter. WR Wealth Planners LLC lifted its holdings in shares of Sprott by 11.9% in the 4th quarter. WR Wealth Planners LLC now owns 7,990 shares of the company's stock worth $337,000 after acquiring an additional 850 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Sprott by 40.3% during the 4th 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. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sprott Price Performance

Shares of NYSE:SII traded up $0.94 during trading hours on Wednesday, hitting $65.26. The company's stock had a trading volume of 145,780 shares, compared to its average volume of 132,564. The firm's fifty day moving average price is $55.54 and its 200 day moving average price is $47.35. Sprott Inc. has a 52 week low of $38.41 and a 52 week high of $65.81. The company has a market capitalization 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 posted its 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. Sprott had a net margin of 27.53% and a return on equity of 15.34%. The company had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.84%. Sprott's payout ratio is currently 62.50%.

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.