Sprott (NYSE:SII) Sets New 1-Year High - Time to Buy?

Sprott Inc. (NYSE:SII - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $62.81 and last traded at $62.93, with a volume of 55598 shares traded. The stock had previously closed at $61.90.

Analysts Set New Price Targets

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

Sprott Stock Up 1.1%

The stock has a market cap of $1.63 billion, a PE ratio of 34.80 and a beta of 1.00. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $54.14 and a 200-day moving average price of $46.90.

Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $40.48 million.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%. Sprott's dividend payout ratio (DPR) is 62.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Essex Financial Services Inc. purchased a new position in Sprott in the 4th quarter valued at $219,000. Meixler Investment Management Ltd. purchased a new position in Sprott in the 4th quarter valued at $273,000. O Brien Greene & Co. Inc lifted its holdings in Sprott by 42.1% in the 4th quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company's stock valued at $1,139,000 after purchasing an additional 8,000 shares in the last quarter. Sprott Inc. lifted its holdings in Sprott by 6.9% in the 4th quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock valued at $65,835,000 after purchasing an additional 100,585 shares in the last quarter. Finally, WR Wealth Planners LLC lifted its holdings in Sprott by 11.9% in the 4th quarter. WR Wealth Planners LLC now owns 7,990 shares of the company's stock valued at $337,000 after purchasing an additional 850 shares in the last quarter. 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.