Sprott Inc. (NYSE:SII – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 326,900 shares, a drop of 20.3% from the June 30th total of 410,100 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average trading volume of 40,900 shares, the days-to-cover ratio is currently 8.0 days.
Institutional Investors Weigh In On Sprott
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SII. CWM LLC acquired a new position in Sprott in the first quarter valued at about $35,000. Deutsche Bank AG purchased a new position in shares of Sprott during the 4th quarter worth approximately $36,000. Chilton Capital Management LLC acquired a new stake in Sprott in the 1st quarter valued at approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sprott by 17.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,503 shares of the company’s stock valued at $128,000 after purchasing an additional 530 shares during the period. Finally, UBS Group AG lifted its stake in Sprott by 146.9% during the third quarter. UBS Group AG now owns 3,877 shares of the company’s stock worth $129,000 after purchasing an additional 2,307 shares in the last quarter. Hedge funds and other institutional investors own 25.27% of the company’s stock.
Sprott Trading Up 0.6 %
Shares of NYSE SII traded up $0.19 during trading on Friday, hitting $32.24. 32,659 shares of the company were exchanged, compared to its average volume of 53,479. The company has a fifty day moving average price of $33.07 and a 200-day moving average price of $35.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $835.66 million, a PE ratio of 43.57 and a beta of 1.11. Sprott has a 12-month low of $29.76 and a 12-month high of $41.96.
Sprott (NYSE:SII – Get Free Report) last posted its earnings results on Friday, May 5th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $35.50 million for the quarter. Sprott had a net margin of 14.13% and a return on equity of 6.75%.
Sprott Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Monday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.00 annualized dividend and a yield of 3.10%. Sprott’s dividend payout ratio (DPR) is 135.14%.
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.