Sprott (NYSE:SII) Shares Down 4.1% – Here’s Why

Sprott Inc. (NYSE:SII) shares were down 4.1% during trading on Monday . The company traded as low as $42.54 and last traded at $42.59. Approximately 46,230 shares traded hands during trading, a decline of 58% from the average daily volume of 110,540 shares. The stock had previously closed at $44.42.

Sprott Trading Down 2.6 %

The business’s 50 day moving average is $44.15 and its two-hundred day moving average is $43.21. The firm has a market capitalization of $1.12 billion, a P/E ratio of 23.88 and a beta of 1.09. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $0.30 dividend. 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 dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, November 18th. Sprott’s dividend payout ratio is currently 65.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SII. Sei Investments Co. bought a new position in Sprott during the 1st quarter valued at $431,000. Acadian Asset Management LLC acquired a new stake in Sprott in the 1st quarter valued at about $185,000. Quadrature Capital Ltd lifted its holdings in Sprott by 390.9% in the 1st quarter. Quadrature Capital Ltd now owns 32,400 shares of the company’s stock valued at $1,195,000 after acquiring an additional 25,800 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Sprott during the 1st quarter valued at about $39,000. Finally, Murchinson Ltd. acquired a new position in shares of Sprott in the 1st quarter worth approximately $18,480,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

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.