Sprott (NYSE:SII) Reaches New 1-Year High at $41.23

Sprott Inc. (NYSE:SII - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.23 and last traded at $41.23, with a volume of 7751 shares. The stock had previously closed at $40.65.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Sprott from a "c+" rating to a "b-" rating in a research report on Thursday, January 18th.

Sprott Stock Performance

The firm's fifty day moving average price is $36.98 and its 200 day moving average price is $33.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $1.06 billion, a P/E ratio of 24.95 and a beta of 1.14.

Sprott (NYSE:SII - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. Sprott's dividend payout ratio is presently 60.61%.

Institutional Investors Weigh In On Sprott

Several institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in Sprott by 5,214.3% during the fourth quarter. US Bancorp DE now owns 744 shares of the company's stock valued at $25,000 after purchasing an additional 730 shares during the period. Bourgeon Capital Management LLC acquired a new position in Sprott in the third quarter valued at approximately $30,000. Lazard Asset Management LLC purchased a new stake in Sprott in the 3rd quarter worth approximately $30,000. PNC Financial Services Group Inc. purchased a new stake in Sprott during the second quarter worth $32,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Sprott during the fourth quarter valued at $34,000. 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.