Sage Investment Advisers LLC Sells 1,700 Shares of Sprott Inc. (NYSE:SII)

Sage Investment Advisers LLC lowered its position in Sprott Inc. (NYSE:SII) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,325 shares of the company’s stock after selling 1,700 shares during the period. Sprott comprises about 1.7% of Sage Investment Advisers LLC’s investment portfolio, making the stock its 22nd biggest holding. Sage Investment Advisers LLC owned 0.15% of Sprott worth $1,453,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of Sprott in the 4th quarter worth $34,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in Sprott by 126.6% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company’s stock worth $40,000 after buying an additional 666 shares in the last quarter. Covestor Ltd raised its stake in shares of Sprott by 432.2% in the third quarter. Covestor Ltd now owns 1,868 shares of the company’s stock worth $57,000 after buying an additional 1,517 shares during the period. Virtu Financial LLC purchased a new position in shares of Sprott during the 4th quarter valued at about $233,000. Finally, Jump Financial LLC lifted its position in shares of Sprott by 22.1% during the 4th quarter. Jump Financial LLC now owns 8,300 shares of the company’s stock valued at $282,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Sprott stock traded up $0.14 during mid-day trading on Thursday, hitting $41.63. The stock had a trading volume of 14,105 shares, compared to its average volume of 109,053. Sprott Inc. has a one year low of $28.04 and a one year high of $47.30. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.08 billion, a P/E ratio of 23.20 and a beta of 1.13. The firm’s 50 day moving average is $42.58 and its 200 day moving average is $38.31.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 EPS for the quarter. Sprott had a return on equity of 15.15% and a net margin of 28.76%. The business had revenue of $41.54 million for the quarter.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Monday, May 20th. Sprott’s dividend payout ratio (DPR) is currently 55.87%.

Analysts Set New Price Targets

Separately, TD Securities upgraded shares of Sprott from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 9th.

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.