Mountain Lake Investment Management LLC Reduces Stock Holdings in Sprott Inc. (NYSE:SII)

Mountain Lake Investment Management LLC reduced its stake in shares of Sprott Inc. (NYSE:SII) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,089 shares of the company’s stock after selling 4,911 shares during the quarter. Sprott accounts for approximately 0.9% of Mountain Lake Investment Management LLC’s holdings, making the stock its 19th largest holding. Mountain Lake Investment Management LLC’s holdings in Sprott were worth $762,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Global Alpha Capital Management Ltd. raised its holdings in shares of Sprott by 47.1% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after buying an additional 187,993 shares during the period. Praetorian PR LLC increased its holdings in Sprott by 1.0% during the 3rd quarter. Praetorian PR LLC now owns 575,000 shares of the company’s stock worth $24,903,000 after purchasing an additional 5,500 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Sprott during the 3rd quarter worth approximately $9,843,000. JPMorgan Chase & Co. increased its holdings in Sprott by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 103,917 shares of the company’s stock worth $4,501,000 after purchasing an additional 5,129 shares during the last quarter. Finally, Crawford Fund Management LLC increased its holdings in Sprott by 11.7% during the 3rd quarter. Crawford Fund Management LLC now owns 99,139 shares of the company’s stock worth $4,296,000 after purchasing an additional 10,400 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on Sprott in a report on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Price Performance

SII stock opened at $42.88 on Friday. The company has a market capitalization of $1.11 billion, a PE ratio of 23.56 and a beta of 1.08. The stock’s 50 day moving average is $42.84 and its two-hundred day moving average is $42.90. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott Inc. has a 52-week low of $34.51 and a 52-week high of $48.00.

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.