Aigen Investment Management LP Acquires New Position in Sprott Inc. (NYSE:SII)

Aigen Investment Management LP bought a new position in Sprott Inc. (NYSE:SII) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,116 shares of the company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also made changes to their positions in SII. Arcus Capital Partners LLC purchased a new stake in Sprott in the 3rd quarter valued at $214,000. CWA Asset Management Group LLC purchased a new stake in shares of Sprott in the third quarter valued at about $9,843,000. Capital Performance Advisors LLP purchased a new stake in shares of Sprott in the third quarter valued at about $32,000. Raymond James & Associates increased its position in Sprott by 20.1% during the third quarter. Raymond James & Associates now owns 87,622 shares of the company’s stock worth $3,795,000 after purchasing an additional 14,635 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in Sprott during the third quarter worth about $161,000. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Stock Performance

Sprott stock opened at $41.99 on Friday. The firm has a 50 day simple moving average of $43.78 and a 200-day simple moving average of $43.06. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 23.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. Sprott Inc. has a 1-year low of $29.50 and a 1-year high of $48.00.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.86%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 18th. Sprott’s dividend payout ratio is presently 54.95%.

Sprott 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.