Sprott (NYSE:SII) Reaches New 52-Week High - Should You Buy?

Sprott Inc. (NYSE:SII - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.98 and last traded at $69.80, with a volume of 74660 shares. The stock had previously closed at $68.39.

Sprott Trading Up 0.6%

The stock has a market cap of $1.81 billion, a PE ratio of 36.58 and a beta of 1.04. The company's 50 day moving average is $60.99 and its 200-day moving average is $49.95.

Sprott (NYSE:SII - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The company had revenue of $37.38 million during the quarter, compared to the consensus estimate of $40.48 million. Sprott had a net margin of 27.53% and a return on equity of 15.34%.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott's payout ratio is currently 62.50%.

Institutional Investors Weigh In On Sprott

Hedge funds and other institutional investors have recently modified their holdings of the stock. Man Group plc bought a new stake in shares of Sprott during the 4th quarter valued at about $484,000. Intact Investment Management Inc. boosted its stake in Sprott by 92.8% during the 1st quarter. Intact Investment Management Inc. now owns 26,800 shares of the company's stock valued at $1,201,000 after purchasing an additional 12,900 shares during the period. Millennium Management LLC boosted its stake in Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock valued at $6,709,000 after purchasing an additional 153,233 shares during the period. Harbour Capital Advisors LLC acquired a new position in Sprott during the 1st quarter valued at about $446,000. Finally, JPMorgan Chase & Co. boosted its stake in Sprott by 9.9% during the 4th quarter. JPMorgan Chase & Co. now owns 114,219 shares of the company's stock valued at $4,817,000 after purchasing an additional 10,302 shares during the period. Institutional investors 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.