Sprott Inc. Announces Quarterly Dividend of $0.30 (NYSE:SII)

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, May 6th, RTT News reports. Shareholders of record on Tuesday, May 20th will be given a dividend of 0.30 per share on Wednesday, June 4th. This represents a $1.20 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, May 20th.

Sprott has increased its dividend by an average of 1.6% per year over the last three years and has raised its dividend every year for the last 1 years. Sprott has a dividend payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Stock Up 0.2%

SII stock opened at $55.63 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. Sprott has a 1-year low of $38.41 and a 1-year high of $56.46. The firm has a fifty day moving average price of $48.17 and a two-hundred day moving average price of $44.82. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 30.57 and a beta of 0.98.

Sprott (NYSE:SII) last released its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.14. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The firm had revenue of $37.38 million during the quarter, compared to analyst estimates of $40.48 million.

Analysts Set New Price Targets

Several research firms have weighed in on SII. BMO Capital Markets began coverage on shares of Sprott in a research note on Friday, March 7th. They set an “outperform” rating for the company. Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a “buy” rating for the company.

Hedge Funds Weigh In On Sprott

An institutional investor recently raised its position in Sprott stock. Goldman Sachs Group Inc. grew its position in shares of Sprott Inc. (NYSE:SII) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,917 shares of the company’s stock after acquiring an additional 4,326 shares during the quarter. Goldman Sachs Group Inc. owned about 0.23% of Sprott worth $2,688,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 28.30% of the company’s stock.

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.