Aigen Investment Management LP Makes New $308,000 Investment in Sprott Inc. (NYSE:SII)

Aigen Investment Management LP purchased a new stake in Sprott Inc. (NYSE:SII) during the third quarter, Holdings Channel reports. The fund purchased 7,116 shares of the company’s stock, valued at approximately $308,000.

Several other large investors have also recently made changes to their positions in the stock. Quadrature Capital Ltd raised its position in Sprott by 390.9% in the first quarter. Quadrature Capital Ltd now owns 32,400 shares of the company’s stock valued at $1,195,000 after purchasing an additional 25,800 shares during the period. Lloyd Harbor Capital Management LLC acquired a new position in Sprott during the 2nd quarter worth $6,002,000. Sei Investments Co. purchased a new stake in Sprott during the 1st quarter worth about $431,000. Acadian Asset Management LLC raised its position in Sprott by 683.7% in the 2nd quarter. Acadian Asset Management LLC now owns 39,430 shares of the company’s stock valued at $1,626,000 after purchasing an additional 34,399 shares in the last quarter. Finally, O Brien Greene & Co. Inc purchased a new position in shares of Sprott in the 2nd quarter valued at about $663,000. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Stock Up 0.2 %

SII stock opened at $41.99 on Friday. The company’s 50 day moving average price is $43.78 and its 200 day moving average price is $43.06. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.07 and a beta of 1.09. Sprott Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $48.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30.

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 18th. Sprott’s dividend payout ratio (DPR) is presently 54.95%.

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.