UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in Sprott Inc. (NYSE:SII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Sprott Inc. (NYSE:SII) by 11.3% during the third quarter, HoldingsChannel.com reports. The firm owned 28,454 shares of the company’s stock after selling 3,627 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sprott were worth $1,232,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in Sprott by 64.2% during the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after acquiring an additional 271 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Sprott in the second quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new position in Sprott during the third quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new stake in Sprott during the third quarter worth approximately $78,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Sprott in the third quarter worth $161,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Down 1.9 %

Shares of Sprott stock opened at $43.09 on Wednesday. Sprott Inc. has a twelve month low of $31.47 and a twelve month high of $48.00. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 23.68 and a beta of 1.07. 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 company has a fifty day moving average price of $44.33 and a 200 day moving average price of $43.11.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio is currently 65.93%.

Sprott Company 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.