Cannell & Co. Has $3.44 Million Position in Sprott Inc. (NYSE:SII)

Cannell & Co. decreased its holdings in Sprott Inc. (NYSE:SII - Free Report) by 37.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,441 shares of the company's stock after selling 61,225 shares during the quarter. Cannell & Co. owned 0.39% of Sprott worth $3,444,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SII. CWM LLC boosted its position in Sprott by 170.1% during the third quarter. CWM LLC now owns 2,615 shares of the company's stock worth $80,000 after acquiring an additional 1,647 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Sprott by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,852 shares of the company's stock valued at $300,000 after buying an additional 626 shares during the last quarter. Eudaimonia Partners LLC purchased a new position in shares of Sprott during the third quarter worth $97,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sprott by 43.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,518 shares of the company's stock valued at $199,000 after purchasing an additional 1,978 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of Sprott by 1.7% during the third quarter. CIBC Asset Management Inc now owns 21,810 shares of the company's stock worth $666,000 after acquiring an additional 372 shares during the period. Hedge funds and other institutional investors own 28.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Sprott from a "c+" rating to a "b-" rating in a research note on Thursday, January 18th.

Sprott Price Performance

Shares of SII traded up $0.08 on Thursday, reaching $40.45. The stock had a trading volume of 58,639 shares, compared to its average volume of 87,184. Sprott Inc. has a twelve month low of $28.04 and a twelve month high of $42.43. The firm has a market capitalization of $1.05 billion, a PE ratio of 24.47 and a beta of 1.08. The firm has a 50-day moving average of $38.00 and a 200 day moving average of $34.71. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.09). Sprott had a return on equity of 14.19% and a net margin of 27.34%. The business had revenue of $36.67 million during the quarter.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, March 1st. Sprott's payout ratio is currently 60.61%.

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.