Sprott Inc. (NYSE:SII) Sees Large Decrease in Short Interest

Sprott Inc. (NYSE:SII) was the target of a large decrease in short interest in the month of 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. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 113,200 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Sprott

Several institutional investors and hedge funds have recently made changes to their positions in SII. Point72 Asset Management L.P. purchased a new position in Sprott during the second quarter worth $29,000. Lloyd Harbor Capital Management LLC purchased a new stake in Sprott during the 2nd quarter worth about $6,002,000. The Manufacturers Life Insurance Company raised its stake in Sprott by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,188 shares of the company’s stock valued at $712,000 after purchasing an additional 277 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Sprott by 64.2% in the 2nd quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock valued at $29,000 after purchasing an additional 271 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Sprott during the 2nd quarter worth about $1,495,000. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Price Performance

SII traded up $0.66 on Friday, hitting $41.55. 102,909 shares of the company were exchanged, compared to its average volume of 91,248. Sprott has a fifty-two week low of $28.04 and a fifty-two week high of $47.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $1.07 billion, a P/E ratio of 23.21 and a beta of 1.10. The business’s fifty day moving average is $42.18 and its 200 day moving average is $41.15.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter. The business 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 company 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 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, August 19th. Sprott’s dividend payout ratio is currently 55.87%.

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.