Royce & Associates LP Sells 3,917 Shares of Sprott Inc. (NYSE:SII)

Royce & Associates LP reduced its holdings in Sprott Inc. (NYSE:SII) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 982,191 shares of the company’s stock after selling 3,917 shares during the quarter. Royce & Associates LP’s holdings in Sprott were worth $42,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SII. Toronto Dominion Bank raised its holdings in Sprott by 64.2% in the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after purchasing an additional 271 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Sprott by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 17,188 shares of the company’s stock valued at $712,000 after purchasing an additional 277 shares in the last quarter. TD Asset Management Inc grew its position in shares of Sprott by 0.7% during the second quarter. TD Asset Management Inc now owns 56,456 shares of the company’s stock valued at $2,341,000 after purchasing an additional 380 shares in the last quarter. Mather Group LLC. grew its position in shares of Sprott by 107.1% during the second quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after purchasing an additional 452 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sprott by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the company’s stock valued at $296,000 after acquiring an additional 626 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Down 1.0 %

Shares of NYSE SII opened at $41.90 on Friday. The firm has a 50-day simple moving average of $43.72 and a two-hundred day simple moving average of $43.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. Sprott Inc. has a 1 year low of $29.50 and a 1 year high of $48.00. The company has a market cap of $1.08 billion, a P/E ratio of 23.02 and a beta of 1.09.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, November 18th. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s payout ratio is currently 54.95%.

Sprott 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.