Canaccord Genuity Group began coverage on shares of Sprott (NYSE:SII - Free Report) in a research report sent to investors on Tuesday. The firm issued a buy rating on the stock.
Sprott Stock Up 2.9 %
SII traded up $1.22 on Tuesday, hitting $43.18. The company had a trading volume of 96,054 shares, compared to its average volume of 74,221. The stock has a fifty day moving average price of $42.87 and a 200-day moving average price of $43.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott has a 12-month low of $34.51 and a 12-month high of $48.00. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 23.72 and a beta of 1.08.
Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter. The firm had revenue of $46.51 million for the quarter. Sprott had a return on equity of 15.02% and a net margin of 27.38%.
Sprott Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a $0.30 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. This is a positive change from Sprott's previous quarterly dividend of $0.25. Sprott's dividend payout ratio is currently 65.93%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. CWA Asset Management Group LLC purchased a new position in shares of Sprott during the 3rd quarter valued at approximately $9,843,000. Global Alpha Capital Management Ltd. lifted its stake in Sprott by 47.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company's stock worth $25,453,000 after purchasing an additional 187,993 shares in the last quarter. Lloyd Harbor Capital Management LLC acquired a new position in shares of Sprott during the 2nd quarter worth approximately $6,002,000. Regal Partners Ltd purchased a new stake in Sprott in the 3rd quarter valued at $2,875,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Sprott in the second quarter valued at about $1,495,000. Hedge funds and other institutional investors own 28.30% of the company's stock.
Sprott Company Profile
(
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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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