IHT Wealth Management LLC Sells 2,145 Shares of Sprott Inc. (NYSE:SII)

IHT Wealth Management LLC decreased its holdings in shares of Sprott Inc. (NYSE:SII) by 16.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,800 shares of the company’s stock after selling 2,145 shares during the period. IHT Wealth Management LLC’s holdings in Sprott were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SII. Toronto Dominion Bank increased its stake in shares of Sprott by 64.2% during the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock valued at $29,000 after buying an additional 271 shares during the period. Point72 Asset Management L.P. bought a new stake in Sprott in the second quarter valued at $29,000. Capital Performance Advisors LLP purchased a new position in Sprott during the 3rd quarter valued at $32,000. Quantbot Technologies LP bought a new position in Sprott in the 3rd quarter worth $78,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Sprott in the 3rd quarter worth about $82,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Trading Down 1.8 %

Shares of SII opened at $42.97 on Monday. Sprott Inc. has a 1-year low of $31.28 and a 1-year high of $48.00. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 23.61 and a beta of 1.07. The firm’s 50-day moving average price is $44.30 and its 200-day moving average price is $43.16. 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 was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $0.30 per share. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Sprott’s dividend payout ratio is 65.93%.

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.