Sprott Inc. (NYSE:SII) Sees Significant Increase in Short Interest

Sprott Inc. (NYSE:SII) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 149,000 shares, an increase of 23.1% from the October 15th total of 121,000 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 106,400 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Sprott

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SII. Toronto Dominion Bank raised its position in shares of 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. Point72 Asset Management L.P. bought a new position in Sprott during the 2nd quarter valued at $29,000. Capital Performance Advisors LLP bought a new position in Sprott during the 3rd quarter valued at $32,000. Mather Group LLC. grew 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 acquiring an additional 452 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Sprott in the 1st quarter worth about $39,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Trading Down 0.2 %

Shares of NYSE SII traded down $0.08 during midday trading on Friday, reaching $41.82. 58,289 shares of the stock were exchanged, compared to its average volume of 110,293. Sprott has a 52-week low of $29.50 and a 52-week high of $48.00. The stock has a 50 day moving average price of $43.72 and a 200-day moving average price of $43.05. The company has a market capitalization of $1.08 billion, a P/E ratio of 23.02 and a beta of 1.09. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. Sprott’s dividend payout ratio is 54.95%.

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.