Sprott Inc. (NYSE:SII) Short Interest Update

Sprott Inc. (NYSE:SII) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 131,400 shares, a decrease of 22.8% from the August 15th total of 170,200 shares. Based on an average trading volume of 113,200 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.7% of the company’s stock are short sold.

Sprott Stock Performance

Shares of NYSE SII traded up $0.08 during midday trading on Tuesday, reaching $41.38. The company’s stock had a trading volume of 76,500 shares, compared to its average volume of 109,753. The stock has a market capitalization of $1.07 billion, a P/E ratio of 23.12 and a beta of 1.10. The firm has a 50 day moving average price of $42.14 and a 200-day moving average price of $41.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.02 and a quick ratio of 3.02. Sprott has a 12-month low of $28.04 and a 12-month high of $47.30.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $47.99 million for the quarter. Sprott had a return on equity of 13.50% and a net margin of 26.46%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, August 19th. Sprott’s dividend payout ratio (DPR) is currently 55.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Sprott during the first quarter valued at about $1,814,000. Quadrature Capital Ltd increased its holdings in shares of Sprott by 390.9% in the first quarter. Quadrature Capital Ltd now owns 32,400 shares of the company’s stock worth $1,195,000 after purchasing an additional 25,800 shares during the period. Sprott Inc. raised its position in shares of Sprott by 28.3% in the fourth quarter. Sprott Inc. now owns 58,967 shares of the company’s stock worth $2,002,000 after buying an additional 13,005 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Sprott in the first quarter worth $431,000. Finally, Acadian Asset Management LLC boosted its stake in Sprott by 683.7% during the second quarter. Acadian Asset Management LLC now owns 39,430 shares of the company’s stock valued at $1,626,000 after buying an additional 34,399 shares during the period. 28.30% of the stock is owned by institutional investors.

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.