Sprott (NYSE:SII) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Sprott (NYSE:SII) in a report published on Tuesday morning, Marketbeat reports. The firm issued a buy rating on the stock.

Sprott Stock Performance

NYSE SII opened at $43.34 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The stock’s fifty day moving average is $42.90 and its two-hundred day moving average is $43.06. The firm has a market capitalization of $1.12 billion, a P/E ratio of 23.81 and a beta of 1.08. Sprott has a fifty-two week low of $34.51 and a fifty-two week high of $48.00.

Sprott (NYSE:SII) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The firm had revenue of $46.51 million for the quarter.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a dividend of $0.30 per share. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s dividend payout ratio is presently 65.93%.

Institutional Investors Weigh In On Sprott

Large investors have recently bought and sold shares of the stock. CWA Asset Management Group LLC acquired a new position in shares of Sprott in the 3rd quarter valued at $9,843,000. Global Alpha Capital Management Ltd. boosted its stake in Sprott by 47.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after acquiring an additional 187,993 shares in the last quarter. Lloyd Harbor Capital Management LLC purchased a new position in shares of Sprott during the second quarter worth about $6,002,000. Regal Partners Ltd acquired a new stake in shares of Sprott during the third quarter worth about $2,875,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Sprott in the 2nd quarter valued at about $1,495,000. Hedge funds and other 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.