Concurrent Investment Advisors LLC Has $262,000 Holdings in Sprott Inc. (NYSE:SII)

Concurrent Investment Advisors LLC trimmed its holdings in Sprott Inc. (NYSE:SII) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,202 shares of the company’s stock after selling 636 shares during the period. Concurrent Investment Advisors LLC’s holdings in Sprott were worth $262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. boosted its position in Sprott by 1,685.7% during the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock worth $541,000 after purchasing an additional 11,800 shares during the period. Global Alpha Capital Management Ltd. lifted its stake in shares of Sprott by 47.1% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock worth $25,453,000 after buying an additional 187,993 shares during the last quarter. Barclays PLC boosted its holdings in shares of Sprott by 7,753.4% during the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock worth $197,000 after buying an additional 4,497 shares during the period. Franklin Resources Inc. acquired a new position in Sprott in the 3rd quarter valued at about $231,000. Finally, Geode Capital Management LLC raised its holdings in Sprott by 73.7% in the 3rd quarter. Geode Capital Management LLC now owns 33,962 shares of the company’s stock valued at $1,817,000 after acquiring an additional 14,409 shares during the period. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on Sprott in a report on Tuesday, January 21st. They set a “buy” rating for the company.

Sprott Stock Down 1.5 %

SII opened at $42.72 on Wednesday. The stock has a fifty day moving average of $42.65 and a 200-day moving average of $43.01. The company has a market capitalization of $1.10 billion, a P/E ratio of 23.47 and a beta of 1.08. Sprott Inc. has a fifty-two week low of $34.51 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.81%. Sprott’s dividend payout ratio is presently 65.93%.

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.