WCG Wealth Advisors LLC Decreases Stock Holdings in Sprott Inc. (NYSE:SII)

WCG Wealth Advisors LLC reduced its stake in shares of Sprott Inc. (NYSE:SII) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,900 shares of the company’s stock after selling 300 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Sprott were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. TD Asset Management Inc increased its position in Sprott by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 56,456 shares of the company’s stock valued at $2,341,000 after buying an additional 380 shares in the last quarter. Mather Group LLC. increased its position in Sprott by 107.1% during the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after buying an additional 452 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sprott by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the company’s stock valued at $296,000 after buying an additional 626 shares in the last quarter. CIBC Asset Management Inc increased its position in Sprott by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 22,706 shares of the company’s stock valued at $772,000 after buying an additional 896 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Sprott during the 1st quarter valued at about $39,000. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Trading Up 4.5 %

Shares of NYSE:SII opened at $42.41 on Friday. The business’s 50-day moving average is $42.06 and its 200 day moving average is $41.24. Sprott Inc. has a 1 year low of $28.04 and a 1 year high of $47.30. The firm has a market capitalization of $1.10 billion, a P/E ratio of 23.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.02 and a quick ratio of 3.02.

Sprott (NYSE:SII) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter. Sprott had a return on equity of 13.50% and a net margin of 26.46%. The company had revenue of $47.99 million for the quarter.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, August 19th. Sprott’s dividend payout ratio is presently 55.87%.

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.