Sprott (NYSE:SII) Reaches New 1-Year High at $44.85

Shares of Sprott Inc. (NYSE:SII - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $44.85 and last traded at $44.70, with a volume of 10051 shares. The stock had previously closed at $44.44.

Analysts Set New Price Targets

SII has been the topic of several research analyst reports. TheStreet upgraded Sprott from a "c+" rating to a "b-" rating in a report on Thursday, January 18th. TD Securities upgraded Sprott from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 9th.

Sprott Stock Up 0.9 %

The firm has a fifty day moving average price of $38.97 and a 200 day moving average price of $35.61. The company has a market cap of $1.16 billion, a P/E ratio of 25.06 and a beta of 1.10. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 0.08.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly 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 firm had revenue of $36.67 million during the quarter. Sprott had a net margin of 28.76% and a return on equity of 15.15%.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, May 20th. Sprott's dividend payout ratio is 55.87%.

Hedge Funds Weigh In On Sprott

Several hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in Sprott by 1.7% in the third quarter. CIBC Asset Management Inc now owns 21,810 shares of the company's stock valued at $666,000 after buying an additional 372 shares during the period. Swiss National Bank lifted its stake in Sprott by 0.8% in the third quarter. Swiss National Bank now owns 48,975 shares of the company's stock valued at $1,504,000 after buying an additional 400 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Sprott by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,852 shares of the company's stock valued at $300,000 after buying an additional 626 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Sprott by 126.6% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company's stock valued at $40,000 after buying an additional 666 shares during the period. Finally, Bourgeon Capital Management LLC acquired a new position in Sprott in the third quarter valued at about $30,000. Institutional investors own 28.30% of the company's stock.

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.