Short Interest in Sprott Inc. (NYSE:SII) Drops By 17.3%

Sprott Inc. (NYSE:SII - Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 183,100 shares, a decline of 17.3% from the April 30th total of 221,500 shares. Based on an average trading volume of 199,500 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the company's stock are short sold.

Sprott Stock Down 0.1%

NYSE:SII traded down $0.05 during midday trading on Friday, reaching $61.93. 162,326 shares of the stock traded hands, compared to its average volume of 131,053. The stock has a market capitalization of $1.60 billion, a PE ratio of 34.03 and a beta of 0.98. Sprott has a 12-month low of $38.41 and a 12-month high of $62.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The business has a 50-day moving average of $52.18 and a two-hundred day moving average of $46.26.

Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.32 by $0.14. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The firm had revenue of $37.38 million during the quarter, compared to analyst estimates of $40.48 million.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.94%. Sprott's payout ratio is 62.50%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets began coverage on shares of Sprott in a report on Friday, March 7th. They issued an "outperform" rating for the company.

Hedge Funds Weigh In On Sprott

Several hedge funds have recently modified their holdings of the stock. Sprott Inc. grew its position in Sprott by 1.5% during the 1st quarter. Sprott Inc. now owns 1,584,688 shares of the company's stock worth $71,105,000 after purchasing an additional 23,500 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Sprott by 41.0% during the first quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company's stock valued at $26,988,000 after buying an additional 175,200 shares during the last quarter. Norges Bank acquired a new position in shares of Sprott in the 4th quarter valued at $20,936,000. Jacobs Asset Management LLC lifted its position in Sprott by 11.2% during the 1st quarter. Jacobs Asset Management LLC now owns 288,779 shares of the company's stock worth $12,958,000 after acquiring an additional 29,069 shares during the period. Finally, Clean Energy Transition LLP grew its stake in Sprott by 110.6% during the 4th quarter. Clean Energy Transition LLP now owns 194,372 shares of the company's stock valued at $8,197,000 after purchasing an additional 102,064 shares during the last quarter. 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.