Sprott (NYSE:SII) Sees Unusually-High Trading Volume - Here's What Happened

Sprott Inc. (NYSE:SII - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 85,888 shares were traded during mid-day trading, an increase of 0% from the previous session's volume of 85,734 shares.The stock last traded at $43.88 and had previously closed at $43.00.

Analysts Set New Price Targets

SII has been the topic of a number of recent research reports. Canaccord Genuity Group assumed coverage on shares of Sprott in a research note on Tuesday, January 21st. They issued a "buy" rating on the stock. BMO Capital Markets assumed coverage on Sprott in a research report on Friday. They issued an "outperform" rating on the stock.

Sprott Trading Down 0.1 %

The company has a market capitalization of $1.08 billion, a P/E ratio of 23.05 and a beta of 1.08. The business has a 50 day moving average price of $42.73 and a 200 day moving average price of $43.10. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The company had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million.

Remove Ads

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 2.86%. Sprott's dividend payout ratio is presently 63.16%.

Hedge Funds Weigh In On Sprott

Several institutional investors have recently modified their holdings of SII. Norges Bank acquired a new stake in shares of Sprott during the fourth quarter worth $20,936,000. Global Alpha Capital Management Ltd. grew its stake in shares of Sprott by 47.1% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company's stock worth $25,453,000 after acquiring an additional 187,993 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Sprott in the fourth quarter valued at approximately $7,039,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Sprott by 757.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock worth $7,794,000 after purchasing an additional 163,427 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock worth $6,709,000 after buying an additional 153,233 shares in the last quarter. Institutional investors own 28.30% of the company's stock.

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.