Lloyd Harbor Capital Management LLC Acquires New Stake in Sprott Inc. (NYSE:SII)

Lloyd Harbor Capital Management LLC bought a new stake in shares of Sprott Inc. (NYSE:SII) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 145,000 shares of the company’s stock, valued at approximately $6,002,000. Sprott accounts for 3.7% of Lloyd Harbor Capital Management LLC’s portfolio, making the stock its 13th biggest position. Lloyd Harbor Capital Management LLC owned 0.56% of Sprott at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SII. Toronto Dominion Bank grew its stake in Sprott by 64.2% during the 2nd quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after purchasing an additional 271 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Sprott by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,188 shares of the company’s stock worth $712,000 after acquiring an additional 277 shares in the last quarter. TD Asset Management Inc increased its holdings in Sprott by 0.7% in the second 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 during the last quarter. Mather Group LLC. raised its position in shares of Sprott by 107.1% during the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock worth $36,000 after acquiring an additional 452 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Sprott by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the company’s stock worth $296,000 after purchasing an additional 626 shares in the last quarter. 28.30% of the stock is owned by institutional investors and hedge funds.

Sprott Stock Performance

Shares of SII stock opened at $44.83 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 25.04 and a beta of 1.10. Sprott Inc. has a 1 year low of $28.04 and a 1 year high of $47.30. The stock’s 50-day moving average is $41.82 and its two-hundred day moving average is $41.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.02 and a current ratio of 3.02.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, August 19th. Sprott’s dividend payout ratio is presently 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.