Sprott (NYSE:SII) Trading Down 4.1% – Here’s Why

Sprott Inc. (NYSE:SII)’s share price was down 4.1% during trading on Monday . The stock traded as low as $42.54 and last traded at $42.59. Approximately 46,230 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 110,540 shares. The stock had previously closed at $44.42.

Sprott Stock Up 1.2 %

The company has a 50-day moving average price of $44.29 and a 200 day moving average price of $43.23. The firm has a market capitalization of $1.13 billion, a PE ratio of 24.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 18th. Sprott’s payout ratio is presently 65.93%.

Hedge Funds Weigh In On Sprott

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank lifted its position in shares of Sprott by 64.2% in the second quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock valued at $29,000 after acquiring an additional 271 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Sprott in the second quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in shares of Sprott in the third quarter worth about $32,000. Mather Group LLC. lifted its position in shares of Sprott by 107.1% in the second quarter. Mather Group LLC. now owns 874 shares of the company’s stock worth $36,000 after buying an additional 452 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Sprott in the first quarter worth about $39,000. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

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.