Jacobs Asset Management LLC Cuts Position in Sprott Inc. (NYSE:SII)

Jacobs Asset Management LLC trimmed its holdings in shares of Sprott Inc. (NYSE:SII) by 12.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 310,000 shares of the company’s stock after selling 42,597 shares during the quarter. Sprott accounts for about 8.9% of Jacobs Asset Management LLC’s holdings, making the stock its largest position. Jacobs Asset Management LLC’s holdings in Sprott were worth $13,426,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Lloyd Harbor Capital Management LLC bought a new stake in Sprott during the 2nd quarter valued at approximately $6,002,000. Acadian Asset Management LLC lifted its holdings in shares of Sprott by 683.7% in the 2nd 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 during the last quarter. O Brien Greene & Co. Inc purchased a new position in shares of Sprott during the second quarter worth approximately $663,000. Global Alpha Capital Management Ltd. increased its holdings in Sprott by 47.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after buying an additional 187,993 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Sprott by 5.9% during the second quarter. Raymond James & Associates now owns 72,987 shares of the company’s stock worth $3,021,000 after buying an additional 4,095 shares during the period. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Down 1.5 %

SII stock opened at $43.70 on Tuesday. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.13 billion, a P/E ratio of 24.01 and a beta of 1.07. The firm has a 50-day simple moving average of $44.34 and a 200-day simple moving average of $43.25. Sprott Inc. has a 52 week low of $31.28 and a 52 week high of $48.00.

Sprott Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a $0.30 dividend. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, November 18th. 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.