Arcus Capital Partners LLC Sells 823 Shares of Sprott Inc. $SII

Arcus Capital Partners LLC lessened its stake in Sprott Inc. (NYSE:SII) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,700 shares of the company’s stock after selling 823 shares during the quarter. Arcus Capital Partners LLC’s holdings in Sprott were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Sprott Inc. raised its holdings in shares of Sprott by 1.5% in the 1st quarter. Sprott Inc. now owns 1,584,688 shares of the company’s stock worth $71,105,000 after purchasing an additional 23,500 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in shares of Sprott by 41.0% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company’s stock worth $26,988,000 after purchasing an additional 175,200 shares during the period. Jacobs Asset Management LLC raised its holdings in shares of Sprott by 11.2% in the 1st quarter. Jacobs Asset Management LLC now owns 288,779 shares of the company’s stock worth $12,958,000 after purchasing an additional 29,069 shares during the period. Tocqueville Asset Management L.P. raised its holdings in shares of Sprott by 15.8% in the 1st quarter. Tocqueville Asset Management L.P. now owns 164,043 shares of the company’s stock worth $7,361,000 after purchasing an additional 22,345 shares during the period. Finally, Robertson Stephens Wealth Management LLC bought a new stake in Sprott during the 2nd quarter valued at $9,559,000. Institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SII has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a report on Wednesday, October 8th. TD Securities cut shares of Sprott from a “buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sprott has an average rating of “Moderate Buy”.

Sprott Price Performance

SII opened at $84.77 on Friday. The company has a fifty day moving average price of $73.48 and a 200-day moving average price of $64.77. The firm has a market capitalization of $2.19 billion, a P/E ratio of 43.92 and a beta of 0.99. Sprott Inc. has a one year low of $39.33 and a one year high of $89.58.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The firm had revenue of $41.97 million during the quarter, compared to analyst estimates of $44.66 million. Sprott had a net margin of 25.21% and a return on equity of 15.04%.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, August 18th. Sprott’s payout ratio is 62.18%.

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.