Sprott Inc. (NYSE:SII) Short Interest Update

Sprott Inc. (NYSE:SII) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 94,500 shares, a decline of 22.9% from the December 15th total of 122,500 shares. Based on an average daily volume of 101,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Sprott

A number of institutional investors and hedge funds have recently made changes to their positions in SII. Dimensional Fund Advisors LP raised its stake in shares of Sprott by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,817 shares of the company’s stock valued at $2,103,000 after acquiring an additional 2,640 shares during the period. Renaissance Technologies LLC raised its stake in shares of Sprott by 29.1% in the 2nd quarter. Renaissance Technologies LLC now owns 26,200 shares of the company’s stock valued at $1,084,000 after acquiring an additional 5,900 shares during the period. O Brien Greene & Co. Inc purchased a new stake in shares of Sprott in the 2nd quarter valued at approximately $663,000. Clean Energy Transition LLP purchased a new stake in shares of Sprott in the 2nd quarter valued at approximately $3,821,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Sprott in the 2nd quarter valued at approximately $1,495,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Trading Down 0.0 %

SII stock traded down $0.02 during trading on Friday, reaching $41.95. 96,108 shares of the stock were exchanged, compared to its average volume of 72,237. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $42.92 and a 200-day moving average price of $43.05. Sprott has a 1 year low of $34.34 and a 1 year high of $48.00. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 23.05 and a beta of 1.08.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s payout ratio is 65.93%.

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.