Sprott Inc. (NYSE:SII - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.05 and last traded at $39.00, with a volume of 43191 shares traded. The stock had previously closed at $37.72.
Wall Street Analyst Weigh In
Separately, TheStreet upgraded shares of Sprott from a "c+" rating to a "b-" rating in a research report on Thursday, January 18th.
Check Out Our Latest Stock Analysis on SII
Sprott Stock Performance
The company has a market cap of $1.02 billion, a price-to-earnings ratio of 23.81 and a beta of 1.14. The stock's fifty day simple moving average is $36.69 and its two-hundred day simple moving average is $33.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10.
Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.09). The company had revenue of $36.67 million during the quarter. Sprott had a net margin of 27.34% and a return on equity of 14.19%.
Sprott Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.53%. Sprott's dividend payout ratio (DPR) is presently 60.61%.
Hedge Funds Weigh In On Sprott
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Sprott by 2.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,380 shares of the company's stock valued at $368,000 after acquiring an additional 299 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Sprott by 5.0% during the 1st quarter. HighTower Advisors LLC now owns 6,883 shares of the company's stock valued at $254,000 after acquiring an additional 326 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Sprott by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 21,810 shares of the company's stock valued at $666,000 after acquiring an additional 372 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Sprott by 0.8% during the 3rd quarter. Swiss National Bank now owns 48,975 shares of the company's stock valued at $1,504,000 after acquiring an additional 400 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of Sprott by 3.2% during the 2nd quarter. Cibc World Market Inc. now owns 15,066 shares of the company's stock valued at $488,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company's stock.
About Sprott
(
Get Free Report)
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.
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