Sprott (NYSE:SII) Reaches New 12-Month High at $41.23

Sprott Inc. (NYSE:SII) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $41.23 and last traded at $41.23, with a volume of 7751 shares traded. The stock had previously closed at $40.65.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Sprott from a “c+” rating to a “b-” rating in a research note on Thursday, January 18th.

Sprott Price Performance

The stock has a 50 day simple moving average of $37.20 and a two-hundred day simple moving average of $33.70. The firm has a market cap of $1.06 billion, a PE ratio of 24.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10.

Sprott (NYSE:SII) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.09). The company had revenue of $36.67 million for the quarter. Sprott had a net margin of 27.34% and a return on equity of 14.19%.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. Sprott’s payout ratio is currently 60.61%.

Hedge Funds Weigh In On Sprott

A number of institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of Sprott by 5,214.3% in the 4th quarter. US Bancorp DE now owns 744 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in shares of Sprott in the 3rd quarter valued at about $30,000. Lazard Asset Management LLC purchased a new position in shares of Sprott in the 3rd quarter valued at about $30,000. PNC Financial Services Group Inc. purchased a new position in shares of Sprott in the 2nd quarter valued at about $32,000. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Sprott in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

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.