Sprott (NYSE:SII) Sees Unusually-High Trading Volume

Sprott Inc. (NYSE:SIIGet Free Report) saw strong trading volume on Tuesday . 29,594 shares changed hands during mid-day trading, a decline of 46% from the previous session’s volume of 54,424 shares.The stock last traded at $34.69 and had previously closed at $33.99.

Sprott Stock Down 2.6 %

The stock has a market capitalization of $896.57 million, a PE ratio of 22.22 and a beta of 1.14. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average is $32.38 and its 200 day moving average is $32.04.

Sprott (NYSE:SIIGet Free Report) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.27 EPS for the quarter. The firm had revenue of $30.11 million during the quarter. Sprott had a net margin of 26.81% and a return on equity of 13.73%.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Monday, November 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, November 10th. Sprott’s payout ratio is currently 64.10%.

Hedge Funds Weigh In On Sprott

Several hedge funds and other institutional investors have recently modified their holdings of SII. Bourgeon Capital Management LLC purchased a new position in Sprott during the 3rd quarter worth approximately $30,000. PNC Financial Services Group Inc. purchased a new position in Sprott during the 2nd quarter worth approximately $32,000. Creative Financial Designs Inc. ADV purchased a new position in Sprott during the 4th quarter worth approximately $34,000. Lazard Asset Management LLC purchased a new position in Sprott during the 3rd quarter worth approximately $30,000. Finally, Deutsche Bank AG purchased a new position in Sprott during the 4th quarter worth approximately $36,000. 26.13% of the stock is owned by hedge funds and other institutional investors.

Sprott Company Profile

(Get Free Report)

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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