Sprott Inc. (NYSE:SII – Get Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 311,900 shares, a growth of 18.6% from the March 31st total of 262,900 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 147,200 shares, the short-interest ratio is presently 2.1 days.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its stake in shares of Sprott by 7.9% in the first quarter. North Star Investment Management Corp. now owns 175,220 shares of the company’s stock valued at $8,803,000 after acquiring an additional 12,856 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Sprott in the first quarter valued at $394,000. Kestra Advisory Services LLC raised its stake in shares of Sprott by 75.2% in the first quarter. Kestra Advisory Services LLC now owns 8,520 shares of the company’s stock valued at $428,000 after acquiring an additional 3,657 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of Sprott by 95.0% in the first quarter. CWA Asset Management Group LLC now owns 249,759 shares of the company’s stock valued at $12,548,000 after acquiring an additional 121,681 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. raised its stake in shares of Sprott by 12.7% in the fourth quarter. Waratah Capital Advisors Ltd. now owns 567,561 shares of the company’s stock valued at $25,614,000 after acquiring an additional 63,984 shares in the last quarter. Institutional investors and hedge funds own 26.61% of the company’s stock.
SII opened at $45.39 on Wednesday. Sprott has a 52 week low of $32.57 and a 52 week high of $57.00. The stock’s fifty day moving average price is $47.92. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 34.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.76 and a current ratio of 2.76.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Stockholders of record on Monday, March 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. Sprott’s dividend payout ratio is currently 76.92%.
SII has been the subject of several analyst reports. Zacks Investment Research lowered Sprott from a “buy” rating to a “hold” rating in a research report on Saturday, January 8th. TD Securities lowered Sprott from a “buy” rating to a “hold” rating in a research report on Monday, February 28th.
Sprott Company Profile (Get Rating)
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.
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