Sprott (NYSE:SII) Sees Strong Trading Volume – Here’s What Happened

Sprott Inc. (NYSE:SII) saw unusually-strong trading volume on Friday . Approximately 85,888 shares changed hands during trading, an increase of 0% from the previous session’s volume of 85,734 shares.The stock last traded at $43.88 and had previously closed at $43.00.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SII shares. BMO Capital Markets started coverage on shares of Sprott in a research report on Friday. They set an “outperform” rating on the stock. Canaccord Genuity Group started coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Price Performance

The company has a market capitalization of $1.15 billion, a P/E ratio of 24.45 and a beta of 1.08. The firm’s fifty day moving average is $42.73 and its 200 day moving average is $43.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30.

Sprott (NYSE:SII) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. The company had revenue of $36.80 million for the quarter, compared to the consensus estimate of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 2.70%. Sprott’s payout ratio is 63.16%.

Hedge Funds Weigh In On Sprott

Several hedge funds have recently added to or reduced their stakes in SII. Kohmann Bosshard Financial Services LLC bought a new position in Sprott during the 4th quarter valued at about $25,000. Rialto Wealth Management LLC bought a new position in Sprott in the 4th quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Sprott in the 3rd quarter worth about $32,000. Jones Financial Companies Lllp grew its stake in Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after acquiring an additional 745 shares in the last quarter. Finally, US Bancorp DE grew its stake in Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock worth $44,000 after acquiring an additional 300 shares in the last quarter. 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.