Sprott Inc. (NYSE:SII) Sees Significant Drop 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 company’s stock are short sold. Based on an average daily trading volume, of 113,200 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Sprott

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its holdings in Sprott by 64.2% during the 2nd quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after purchasing an additional 271 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Sprott during the 2nd quarter worth approximately $29,000. Mather Group LLC. increased its holdings in Sprott by 107.1% during the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 452 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Sprott during the 1st quarter worth approximately $39,000. Finally, ORG Partners LLC bought a new position in shares of Sprott in the second quarter valued at approximately $153,000. 28.30% of the stock is owned by institutional investors.

Sprott Stock Up 1.6 %

SII stock opened at $41.55 on Monday. The stock’s 50 day simple moving average is $42.18 and its 200 day simple moving average is $41.18. 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 company has a market cap of $1.07 billion, a P/E ratio of 23.21 and a beta of 1.10.

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

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date 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.