Global Alpha Capital Management Ltd. Trims Holdings in Sprott Inc. (NYSE:SII)

Global Alpha Capital Management Ltd. decreased its position in shares of Sprott Inc. (NYSE:SII) by 27.3% during the fourth quarter, Holdings Channel reports. The fund owned 427,108 shares of the company’s stock after selling 160,300 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Sprott were worth $17,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SII. Raymond James Financial Inc. purchased a new stake in shares of Sprott in the 4th quarter worth approximately $2,531,000. Jones Financial Companies Lllp lifted its holdings in shares of Sprott by 919.8% during the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock valued at $35,000 after buying an additional 745 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott during the 4th quarter valued at $25,000. US Bancorp DE lifted its holdings in shares of Sprott by 40.3% during the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after buying an additional 300 shares during the period. Finally, WR Wealth Planners LLC lifted its holdings in shares of Sprott by 11.9% during the 4th quarter. WR Wealth Planners LLC now owns 7,990 shares of the company’s stock valued at $337,000 after buying an additional 850 shares during the period. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Canaccord Genuity Group started coverage on Sprott in a report on Tuesday, January 21st. They issued a “buy” rating on the stock. BMO Capital Markets started coverage on Sprott in a research report on Friday. They set an “outperform” rating for the company.

Sprott Stock Up 3.5 %

Shares of NYSE:SII opened at $44.50 on Friday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott Inc. has a 12 month low of $34.51 and a 12 month high of $48.00. The company has a 50-day moving average price of $42.73 and a 200 day moving average price of $43.07. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 24.45 and a beta of 1.08.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. The business had revenue of $36.80 million during the quarter, compared to the consensus estimate of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, March 10th. Sprott’s payout ratio is 63.16%.

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.