Sprott (NYSE:SII) Sees Large Volume Increase - Still a Buy?

Shares of Sprott Inc. (NYSE:SII - Get Free Report) saw an uptick in trading volume on Wednesday . 146,966 shares changed hands during mid-day trading, an increase of 23% from the previous session's volume of 119,379 shares.The stock last traded at $50.91 and had previously closed at $49.11.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group assumed coverage on Sprott in a report on Tuesday, January 21st. They set a "buy" rating on the stock. BMO Capital Markets assumed coverage on Sprott in a research report on Friday, March 7th. They issued an "outperform" rating on the stock.

Sprott Stock Up 0.3 %

The firm has a market cap of $1.37 billion, a P/E ratio of 29.07 and a beta of 1.01. 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 $43.98 and a 200-day moving average price of $43.70.

Sprott (NYSE:SII - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The firm had revenue of $36.80 million during the quarter, compared to analysts' expectations of $38.45 million.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, March 10th. Sprott's dividend payout ratio is presently 63.16%.

Institutional Investors Weigh In On Sprott

Several institutional investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Sprott in the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC purchased a new position in shares of Sprott in the fourth quarter valued at $27,000. Jones Financial Companies Lllp lifted its position in shares of Sprott by 919.8% in the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after acquiring an additional 745 shares in the last quarter. US Bancorp DE grew its holdings in shares of Sprott by 40.3% during the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock worth $44,000 after buying an additional 300 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Sprott by 100.7% in the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after buying an additional 1,086 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

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.