Sprott (NYSE:SII) Trading 3.5% Higher – Here’s What Happened

Sprott Inc. (NYSE:SII) shares were up 3.5% on Tuesday . The stock traded as high as $45.14 and last traded at $44.71. Approximately 70,691 shares changed hands during trading, a decline of 31% from the average daily volume of 102,120 shares. The stock had previously closed at $43.19.

Wall Street Analysts Forecast Growth

SII has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on Sprott in a research note on Friday, March 7th. They set an “outperform” rating for the company. Canaccord Genuity Group assumed coverage on Sprott in a research note on Tuesday, January 21st. They set a “buy” rating for the company.

Sprott Price Performance

The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 24.50 and a beta of 1.08. The business’s 50-day simple moving average is $42.82 and its two-hundred day simple moving average 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 (NYSE:SII) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $36.80 million for the quarter, compared to analysts’ expectations of $38.45 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, March 10th. Sprott’s dividend payout ratio is currently 63.16%.

Hedge Funds Weigh In On Sprott

A number of large investors have recently modified their holdings of SII. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott in the 4th quarter worth $25,000. Rialto Wealth Management LLC purchased a new stake in Sprott in the 4th quarter valued at $27,000. Jones Financial Companies Lllp raised its position in Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock valued at $35,000 after buying an additional 745 shares during the last quarter. US Bancorp DE raised its position in Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after buying an additional 300 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Sprott in the 3rd quarter valued at $78,000. 28.30% of the stock is currently owned by institutional investors.

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.