Sprott (NYSE:SII) Sees Strong Trading Volume

Shares of Sprott Inc. (NYSE:SII - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 47,218 shares traded hands during mid-day trading, a decline of 43% from the previous session's volume of 83,187 shares.The stock last traded at $39.77 and had previously closed at $39.70.

Analyst Upgrades and Downgrades

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

Sprott Stock Up 2.5 %

The company's fifty day moving average price is $36.89 and its 200-day moving average price is $33.52. The stock has a market capitalization of $1.05 billion, a PE ratio of 24.35 and a beta of 1.14. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08.

Sprott (NYSE:SII - Get Free Report) last released 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 business had revenue of $36.67 million for 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 declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, March 1st. Sprott's dividend payout ratio is presently 60.61%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. US Bancorp DE lifted its stake in Sprott by 5,214.3% in the 4th quarter. US Bancorp DE now owns 744 shares of the company's stock worth $25,000 after purchasing an additional 730 shares in the last quarter. Bourgeon Capital Management LLC bought a new stake in shares of Sprott in the 3rd quarter worth about $30,000. Lazard Asset Management LLC bought a new stake in shares of Sprott in the 3rd quarter worth about $30,000. PNC Financial Services Group Inc. bought a new stake in shares of Sprott in the 2nd quarter worth about $32,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Sprott in the 4th quarter worth about $34,000. Hedge funds and other 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.