Horizon Kinetics Asset Management LLC Sells 469 Shares of Sprott Inc. (NYSE:SII)

Horizon Kinetics Asset Management LLC lessened its holdings in shares of Sprott Inc. (NYSE:SII) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,844 shares of the company’s stock after selling 469 shares during the period. Horizon Kinetics Asset Management LLC owned 0.63% of Sprott worth $7,009,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SII. Toronto Dominion Bank increased its position in shares of Sprott by 64.2% during the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after buying an additional 271 shares during the period. Point72 Asset Management L.P. acquired a new position in Sprott in the second quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of Sprott during the 3rd quarter worth approximately $32,000. Mather Group LLC. increased its stake in shares of Sprott by 107.1% in the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after acquiring an additional 452 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Sprott during the first quarter worth $39,000. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Down 2.1 %

SII opened at $43.47 on Monday. The company has a fifty day moving average price of $44.15 and a two-hundred day moving average price of $43.21. Sprott Inc. has a 1-year low of $31.26 and a 1-year high of $48.00. The company has a market cap of $1.12 billion, a P/E ratio of 24.41 and a beta of 1.09. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 18th. Sprott’s dividend payout ratio is presently 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.