Murchinson Ltd. Has $754,000 Stake in Sprott Inc. (NYSE:SII)

Murchinson Ltd. trimmed its position in Sprott Inc. (NYSE:SII) by 96.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,218 shares of the company’s stock after selling 481,782 shares during the quarter. Murchinson Ltd.’s holdings in Sprott were worth $754,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SII. Lloyd Harbor Capital Management LLC acquired a new position in shares of Sprott in the second quarter valued at $6,002,000. Clean Energy Transition LLP acquired a new position in shares of Sprott in the second quarter valued at $3,821,000. AGF Management Ltd. acquired a new position in shares of Sprott in the second quarter valued at $2,078,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Sprott in the first quarter valued at $1,814,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Sprott in the second quarter valued at $1,495,000. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Stock Performance

Shares of NYSE SII opened at $44.60 on Friday. The business has a fifty day simple moving average of $41.81 and a 200 day simple moving average of $41.58. Sprott Inc. has a one year low of $28.04 and a one year high of $47.30. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.92 and a beta of 1.10. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.10.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, August 19th. Sprott’s dividend payout ratio (DPR) is 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.