Arcus Capital Partners LLC Makes New Investment in Sprott Inc. (NYSE:SII)

Arcus Capital Partners LLC bought a new stake in Sprott Inc. (NYSE:SII) during the third quarter, Holdings Channel reports. The institutional investor bought 4,940 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds also recently modified their holdings of the stock. Murchinson Ltd. purchased a new position in Sprott during the first quarter worth about $18,480,000. CWA Asset Management Group LLC purchased a new position in shares of Sprott in the 3rd quarter worth approximately $9,843,000. Lloyd Harbor Capital Management LLC bought a new position in shares of Sprott in the second quarter valued at approximately $6,002,000. Clean Energy Transition LLP purchased a new stake in shares of Sprott during the second quarter valued at approximately $3,821,000. Finally, Raymond James & Associates lifted its holdings in Sprott by 20.1% during the third quarter. Raymond James & Associates now owns 87,622 shares of the company’s stock worth $3,795,000 after acquiring an additional 14,635 shares during the period. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Down 0.8 %

SII stock opened at $43.01 on Tuesday. Sprott Inc. has a 1-year low of $29.24 and a 1-year high of $48.00. The stock has a market cap of $1.11 billion, a P/E ratio of 23.63 and a beta of 1.09. The stock’s fifty day simple moving average is $43.55 and its two-hundred day simple moving average is $43.05. The company has a current ratio of 3.30, a quick ratio of 3.02 and a debt-to-equity ratio of 0.06.

Sprott Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Monday, November 18th. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio (DPR) is 54.95%.

About Sprott

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.