CWA Asset Management Group LLC Has $3.21 Million Position in Sprott Inc. (NYSE:SII)

CWA Asset Management Group LLC trimmed its stake in shares of Sprott Inc. (NYSE:SIIFree Report) by 68.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,496 shares of the company’s stock after selling 154,430 shares during the quarter. CWA Asset Management Group LLC’s holdings in Sprott were worth $3,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Sprott in the fourth quarter valued at about $20,936,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Sprott in the fourth quarter valued at approximately $7,039,000. Arrowstreet Capital Limited Partnership raised its holdings in Sprott by 757.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company’s stock valued at $7,794,000 after buying an additional 163,427 shares during the last quarter. Millennium Management LLC boosted its position in Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company’s stock worth $6,709,000 after buying an additional 153,233 shares during the period. Finally, Clean Energy Transition LLP grew its holdings in Sprott by 110.6% during the 4th quarter. Clean Energy Transition LLP now owns 194,372 shares of the company’s stock worth $8,197,000 after acquiring an additional 102,064 shares during the last quarter. Institutional investors own 28.30% of the company’s stock.

Sprott Stock Up 1.5%

NYSE SII opened at $65.26 on Thursday. 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 Inc. has a twelve month low of $38.41 and a twelve month high of $65.67. The stock has a fifty day simple moving average of $55.99 and a 200 day simple moving average of $47.47.

Sprott (NYSE:SIIGet Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. Sprott had a return on equity of 15.34% and a net margin of 27.53%. The company had revenue of $37.38 million during the quarter, compared to the consensus estimate of $40.48 million.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. Sprott’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets began coverage on shares of Sprott in a research report on Friday, March 7th. They issued an “outperform” rating for the company.

Read Our Latest Report on Sprott

Sprott Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Inc. (NYSE:SIIFree Report).

Institutional Ownership by Quarter for Sprott (NYSE:SII)

Receive News & Ratings for Sprott Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott and related companies with MarketBeat.com's FREE daily email newsletter.