Harbor Investment Advisory LLC Sells 393 Shares of Sprott Inc. (NYSE:SII)

Harbor Investment Advisory LLC lessened its stake in Sprott Inc. (NYSE:SII) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,166 shares of the company’s stock after selling 393 shares during the period. Harbor Investment Advisory LLC owned about 0.06% of Sprott worth $639,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Toronto Dominion Bank boosted its holdings in Sprott by 64.2% during the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock valued at $29,000 after purchasing an additional 271 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Sprott during the second quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in Sprott in the 3rd quarter valued at $32,000. Quantbot Technologies LP acquired a new stake in shares of Sprott in the 3rd quarter valued at $78,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Sprott during the third quarter worth $82,000. Institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group assumed coverage on Sprott in a research report on Tuesday. They issued a “buy” rating for the company.

Sprott Price Performance

SII opened at $43.18 on Wednesday. Sprott Inc. has a 52 week low of $34.51 and a 52 week high of $48.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The firm has a market capitalization of $1.11 billion, a PE ratio of 23.72 and a beta of 1.08. The company has a fifty day moving average price of $42.87 and a two-hundred day moving average price of $43.06.

Sprott (NYSE:SII) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter. The firm had revenue of $46.51 million for the quarter. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. This is a boost from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s payout ratio is presently 65.93%.

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.