Sprott Inc. (NYSE:SII) Short Interest Update

Sprott Inc. (NYSE:SII) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 94,500 shares, a decline of 22.9% from the December 15th total of 122,500 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 101,200 shares, the days-to-cover ratio is currently 0.9 days.

Sprott Price Performance

SII traded down $0.02 on Friday, reaching $41.95. 96,108 shares of the company’s stock were exchanged, compared to its average volume of 72,237. The stock has a market cap of $1.08 billion, a PE ratio of 23.05 and a beta of 1.08. Sprott has a twelve month low of $34.34 and a twelve month high of $48.00. The stock’s fifty day moving average price is $42.92 and its 200-day moving average price is $43.05. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 18th. This is a positive change from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. Sprott’s payout ratio is presently 65.93%.

Hedge Funds Weigh In On Sprott

A number of institutional investors and hedge funds have recently bought and sold shares of SII. CWA Asset Management Group LLC acquired a new position in Sprott during the third quarter worth about $9,843,000. Global Alpha Capital Management Ltd. raised its stake in Sprott by 47.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock worth $25,453,000 after purchasing an additional 187,993 shares during the period. Lloyd Harbor Capital Management LLC purchased a new position in Sprott during the second quarter worth about $6,002,000. Clean Energy Transition LLP purchased a new position in Sprott during the second quarter worth about $3,821,000. Finally, Regal Partners Ltd purchased a new position in Sprott during the third quarter worth about $2,875,000. 28.30% of the stock is currently owned by institutional investors and hedge funds.

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.