Sprott (NYSE:SII) Stock Price Up 3.5% - Still a Buy?

Sprott Inc. (NYSE:SII - Get Free Report)'s stock price rose 3.5% on Tuesday . The company traded as high as $45.14 and last traded at $44.71. Approximately 70,691 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 102,120 shares. The stock had previously closed at $43.19.

Analyst Ratings Changes

SII has been the subject of a number of research reports. BMO Capital Markets assumed coverage on shares of Sprott in a research note on Friday, March 7th. They issued an "outperform" rating for the company. Canaccord Genuity Group assumed coverage on shares of Sprott in a report on Tuesday, January 21st. They issued a "buy" rating for the company.

Sprott Trading Down 1.7 %

The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 24.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The company's fifty day moving average price is $42.95 and its 200-day moving average price is $43.20.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, beating 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 firm had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million.

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Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, March 10th. Sprott's dividend payout ratio is presently 63.16%.

Hedge Funds Weigh In On Sprott

A number of institutional investors have recently bought and sold shares of the business. Two Sigma Advisers LP raised its position in Sprott by 367.6% during the 4th quarter. Two Sigma Advisers LP now owns 49,100 shares of the company's stock worth $2,071,000 after buying an additional 38,600 shares during the last quarter. Two Sigma Investments LP boosted its stake in Sprott by 116.3% during the 4th quarter. Two Sigma Investments LP now owns 81,506 shares of the company's stock worth $3,437,000 after purchasing an additional 43,821 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Sprott by 20.8% during the 4th quarter. Point72 Asset Management L.P. now owns 15,100 shares of the company's stock worth $637,000 after purchasing an additional 2,600 shares during the last quarter. Man Group plc purchased a new position in shares of Sprott during the 4th quarter worth $484,000. Finally, Millennium Management LLC raised its holdings in Sprott by 2,580.1% in the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock valued at $6,709,000 after buying an additional 153,233 shares during the period. 28.30% of the stock is 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.