Sprott (NYSE:SII) Sees Unusually-High Trading Volume

Shares of Sprott Inc. (NYSE:SII - Get Free Report) saw an uptick in trading volume on Friday . 114,289 shares changed hands during mid-day trading, an increase of 19% from the previous session's volume of 96,127 shares.The stock last traded at $45.31 and had previously closed at $44.85.

Analyst Ratings Changes

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

Sprott Trading Up 3.7 %

The stock has a market capitalization of $1.20 billion, a PE ratio of 25.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 2.26. The stock's 50 day simple moving average is $39.12 and its two-hundred day simple moving average is $35.68.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.09). The business 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.00 annualized dividend and a yield of 2.15%. Sprott's dividend payout ratio (DPR) is presently 55.87%.

Institutional Investors Weigh In On Sprott

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bourgeon Capital Management LLC purchased a new position in Sprott during the third quarter worth $30,000. Creative Financial Designs Inc. ADV purchased a new position in Sprott during the 4th quarter worth approximately $34,000. Lazard Asset Management LLC purchased a new stake in Sprott in the 1st quarter worth approximately $39,000. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in Sprott by 126.6% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company's stock worth $40,000 after purchasing an additional 666 shares during the period. Finally, Covestor Ltd raised its position in shares of Sprott by 432.2% during the 3rd quarter. Covestor Ltd now owns 1,868 shares of the company's stock worth $57,000 after purchasing an additional 1,517 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

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.