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

Shares of Sprott Inc. (NYSE:SII - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $59.43 and last traded at $59.02, with a volume of 27531 shares traded. The stock had previously closed at $57.96.

Analyst Ratings Changes

Separately, BMO Capital Markets assumed coverage on shares of Sprott in a research note on Friday, March 7th. They issued an "outperform" rating on the stock.

Sprott Price Performance

The stock has a market cap of $1.60 billion, a P/E ratio of 34.03 and a beta of 0.98. The company has a 50 day simple moving average of $52.18 and a 200 day simple moving average of $46.26. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Announces Dividend

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

Hedge Funds Weigh In On Sprott

Several large investors have recently modified their holdings of the business. Man Group plc bought a new stake in shares of Sprott in the fourth quarter worth about $484,000. Millennium Management LLC increased its stake in shares of Sprott by 2,580.1% in the fourth quarter. Millennium Management LLC now owns 159,172 shares of the company's stock worth $6,709,000 after purchasing an additional 153,233 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Sprott by 9.9% in the 4th quarter. JPMorgan Chase & Co. now owns 114,219 shares of the company's stock valued at $4,817,000 after acquiring an additional 10,302 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Sprott by 49.8% in the 4th quarter. Lazard Asset Management LLC now owns 24,272 shares of the company's stock valued at $1,023,000 after acquiring an additional 8,068 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Sprott during the fourth quarter valued at approximately $20,936,000. Hedge funds and other 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.