Clean Energy Transition LLP Invests $3.82 Million in Sprott Inc. (NYSE:SII)

Clean Energy Transition LLP bought a new position in Sprott Inc. (NYSE:SII) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 92,308 shares of the company’s stock, valued at approximately $3,821,000. Sprott comprises approximately 0.2% of Clean Energy Transition LLP’s portfolio, making the stock its 11th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Sprott in the 1st quarter worth approximately $1,814,000. Quadrature Capital Ltd grew its stake in shares of Sprott by 390.9% in the 1st quarter. Quadrature Capital Ltd now owns 32,400 shares of the company’s stock worth $1,195,000 after buying an additional 25,800 shares during the last quarter. Sprott Inc. grew its stake in shares of Sprott by 28.3% in the 4th quarter. Sprott Inc. now owns 58,967 shares of the company’s stock worth $2,002,000 after buying an additional 13,005 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Sprott in the 1st quarter worth approximately $431,000. Finally, Acadian Asset Management LLC grew its stake in shares of Sprott by 683.7% in the 2nd quarter. Acadian Asset Management LLC now owns 39,430 shares of the company’s stock worth $1,626,000 after buying an additional 34,399 shares during the last quarter. Institutional investors own 28.30% of the company’s stock.

Sprott Stock Performance

Sprott stock opened at $43.05 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.11 billion, a P/E ratio of 24.05 and a beta of 1.10. The stock’s 50 day moving average is $41.96 and its 200 day moving average is $41.29. Sprott Inc. has a twelve month low of $28.04 and a twelve month high of $47.30.

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

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 2.32%. Sprott’s dividend payout ratio is 55.87%.

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.