Sprott (NYSE:SII) Sets New 12-Month High - Still a Buy?

Sprott Inc. (NYSE:SII - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $56.75 and last traded at $56.58, with a volume of 104404 shares trading hands. The stock had previously closed at $56.35.

Analyst Ratings Changes

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

Sprott Stock Performance

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 stock has a market capitalization of $1.49 billion, a PE ratio of 31.83 and a beta of 0.98. The company's 50-day moving average price is $49.56 and its 200 day moving average price is $45.27.

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 analysts' consensus estimates of $0.32 by $0.14. The business had revenue of $37.38 million for the quarter, compared to analyst estimates of $40.48 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.07%. The ex-dividend date is Tuesday, May 20th. Sprott's dividend payout ratio is presently 62.50%.

Institutional Investors Weigh In On Sprott

A number of large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Sprott during the 4th quarter worth about $145,000. Caprock Group LLC raised its position in Sprott by 3.3% in the fourth quarter. Caprock Group LLC now owns 7,358 shares of the company's stock valued at $310,000 after purchasing an additional 233 shares during the period. Essex Financial Services Inc. purchased a new position in shares of Sprott in the fourth quarter valued at approximately $219,000. Meixler Investment Management Ltd. acquired a new position in Sprott during the 4th quarter worth $273,000. Finally, O Brien Greene & Co. Inc raised its holdings in shares of 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. Hedge funds and other institutional investors own 28.30% of the company's stock.

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.