Sprott Inc. (NYSE:SII) Sees Significant Decline in Short Interest

Sprott Inc. (NYSE:SII) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 204,300 shares, a decrease of 15.2% from the June 15th total of 240,800 shares. Based on an average daily volume of 131,100 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, TD Securities raised shares of Sprott from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 9th.

Institutional Trading of Sprott

Hedge funds have recently modified their holdings of the stock. Mather Group LLC. grew its stake in shares of Sprott by 107.1% during the second quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after purchasing an additional 452 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Sprott during the fourth quarter valued at approximately $34,000. Lazard Asset Management LLC bought a new position in Sprott in the first quarter valued at approximately $39,000. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Sprott by 126.6% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company’s stock valued at $40,000 after acquiring an additional 666 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Sprott in the second quarter valued at approximately $170,000. 28.30% of the stock is owned by institutional investors.

Sprott Price Performance

Sprott stock traded up $0.54 during trading hours on Monday, hitting $45.43. 60,840 shares of the stock were exchanged, compared to its average volume of 107,464. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.26 and a current ratio of 2.27. The stock has a market capitalization of $1.17 billion, a P/E ratio of 25.08 and a beta of 1.11. Sprott has a 12 month low of $28.04 and a 12 month high of $47.30. The business’s 50-day moving average is $43.25 and its two-hundred day moving average is $39.17.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter. The firm had revenue of $41.54 million for the quarter. Sprott had a net margin of 28.76% and a return on equity of 15.15%.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, May 20th. This represents a $1.00 annualized dividend and a yield of 2.20%. Sprott’s dividend payout ratio is 55.87%.

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.