North Star Investment Management Corp. Decreases Stake in Sprott Inc. (NYSE:SII)

North Star Investment Management Corp. lessened its stake in shares of Sprott Inc. (NYSE:SII) by 4.7% during the 3rd quarter, Holdings Channel reports. The firm owned 152,534 shares of the company’s stock after selling 7,503 shares during the quarter. North Star Investment Management Corp.’s holdings in Sprott were worth $6,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Toronto Dominion Bank increased its holdings in shares of Sprott by 64.2% in the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock valued at $29,000 after purchasing an additional 271 shares during the period. Point72 Asset Management L.P. acquired a new position in Sprott in the 2nd quarter worth approximately $29,000. Mather Group LLC. increased its holdings in Sprott by 107.1% in the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock worth $36,000 after buying an additional 452 shares during the period. Lazard Asset Management LLC purchased a new position in Sprott during the 1st quarter worth approximately $39,000. Finally, ORG Partners LLC purchased a new stake in shares of Sprott in the 2nd quarter valued at $153,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

Shares of NYSE:SII traded up $0.89 during midday trading on Tuesday, reaching $44.37. The company’s stock had a trading volume of 9,439 shares, compared to its average volume of 108,310. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $43.29 and a 200 day moving average of $42.91. Sprott Inc. has a twelve month low of $28.70 and a twelve month high of $48.00. The firm has a market capitalization of $1.15 billion, a PE ratio of 27.18 and a beta of 1.09.

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

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.