Concurrent Investment Advisors LLC Sells 636 Shares of Sprott Inc. (NYSE:SII)

Concurrent Investment Advisors LLC lessened its holdings in shares of Sprott Inc. (NYSE:SII) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,202 shares of the company’s stock after selling 636 shares during the period. Concurrent Investment Advisors LLC’s holdings in Sprott were worth $262,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Global Alpha Capital Management Ltd. grew its position in shares of Sprott by 47.1% in the 3rd 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 last quarter. Praetorian PR LLC lifted its stake in shares of Sprott by 1.0% in the third quarter. Praetorian PR LLC now owns 575,000 shares of the company’s stock worth $24,903,000 after acquiring an additional 5,500 shares during the period. CWA Asset Management Group LLC bought a new stake in Sprott in the third quarter valued at approximately $9,843,000. JPMorgan Chase & Co. increased its position in Sprott by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 103,917 shares of the company’s stock valued at $4,501,000 after purchasing an additional 5,129 shares during the period. Finally, Crawford Fund Management LLC raised its holdings in Sprott by 11.7% during the 3rd quarter. Crawford Fund Management LLC now owns 99,139 shares of the company’s stock worth $4,296,000 after purchasing an additional 10,400 shares during the last quarter. Institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group began coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Trading Down 1.5 %

NYSE:SII opened at $42.72 on Wednesday. Sprott Inc. has a 12 month low of $34.51 and a 12 month high of $48.00. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.47 and a beta of 1.08. The firm has a fifty day simple moving average of $42.65 and a two-hundred day simple moving average of $43.01.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.81%. 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.