IHT Wealth Management LLC Cuts Position in Sprott Inc. (NYSE:SII)

IHT Wealth Management LLC trimmed its holdings in shares of Sprott Inc. (NYSE:SII) by 16.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,800 shares of the company’s stock after selling 2,145 shares during the period. IHT Wealth Management LLC’s holdings in Sprott were worth $468,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lloyd Harbor Capital Management LLC bought a new position in Sprott during the 2nd quarter valued at approximately $6,002,000. O Brien Greene & Co. Inc purchased a new stake in shares of Sprott in the second quarter worth $663,000. Acadian Asset Management LLC increased its holdings in shares of Sprott by 683.7% during the second quarter. Acadian Asset Management LLC now owns 39,430 shares of the company’s stock valued at $1,626,000 after acquiring an additional 34,399 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Sprott by 47.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock worth $25,453,000 after purchasing an additional 187,993 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Sprott by 5.9% in the 2nd quarter. Raymond James & Associates now owns 72,987 shares of the company’s stock worth $3,021,000 after purchasing an additional 4,095 shares in the last quarter. 28.30% of the stock is owned by institutional investors.

Sprott Stock Performance

Shares of SII stock opened at $42.97 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 23.61 and a beta of 1.07. Sprott Inc. has a one year low of $31.28 and a one year high of $48.00. The company’s 50-day moving average is $44.30 and its 200 day moving average is $43.16.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.79%. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio (DPR) is 65.93%.

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.