Sprott (NYSE:SII) Stock Price Down 5.1% - What's Next?

Sprott Inc. (NYSE:SII - Get Free Report) was down 5.1% during trading on Tuesday . The stock traded as low as $70.90 and last traded at $70.99. Approximately 67,650 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 137,833 shares. The stock had previously closed at $74.81.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered Sprott from a "buy" rating to a "hold" rating in a research note on Tuesday.

Sprott Stock Performance

The company has a market cap of $1.83 billion, a price-to-earnings ratio of 37.37 and a beta of 1.04. The firm's 50-day moving average price is $65.15 and its 200 day moving average price is $52.25.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. Sprott's dividend payout ratio (DPR) is presently 62.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SII. LPL Financial LLC raised its holdings in Sprott by 1.2% during the 4th quarter. LPL Financial LLC now owns 32,040 shares of the company's stock worth $1,351,000 after buying an additional 392 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of Sprott by 34.1% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,599 shares of the company's stock worth $110,000 after purchasing an additional 407 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sprott by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock worth $744,000 after purchasing an additional 476 shares during the last quarter. Essex Financial Services Inc. grew its position in Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock valued at $255,000 after purchasing an additional 477 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Sprott by 7.1% in the first quarter. Mackenzie Financial Corp now owns 11,571 shares of the company's stock valued at $518,000 after purchasing an additional 764 shares in the last quarter. 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.