Sprott (NYSE:SII) Trading Down 4.1% – Here’s What Happened

Shares of Sprott Inc. (NYSE:SII) traded down 4.1% during mid-day trading on Monday . The stock traded as low as $42.54 and last traded at $42.59. 46,230 shares traded hands during trading, a decline of 58% from the average session volume of 110,540 shares. The stock had previously closed at $44.42.

Sprott Stock Performance

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 company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 23.88 and a beta of 1.09. The stock has a 50-day simple moving average of $44.15 and a 200-day simple moving average of $43.21.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a dividend of $0.30 per share. This is a positive change from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, November 18th. Sprott’s dividend payout ratio is currently 65.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC increased its position in Sprott by 7,753.4% in the third quarter. Barclays PLC now owns 4,555 shares of the company’s stock worth $197,000 after buying an additional 4,497 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sprott by 73.7% in the 3rd quarter. Geode Capital Management LLC now owns 33,962 shares of the company’s stock worth $1,817,000 after acquiring an additional 14,409 shares during the period. O Brien Greene & Co. Inc boosted its stake in Sprott by 18.7% during the 3rd quarter. O Brien Greene & Co. Inc now owns 19,015 shares of the company’s stock valued at $824,000 after purchasing an additional 3,000 shares during the period. Public Employees Retirement System of Ohio bought a new position in Sprott in the 3rd quarter worth about $612,000. Finally, XTX Topco Ltd bought a new stake in shares of Sprott during the third quarter valued at approximately $254,000. 28.30% of the stock is owned by institutional investors and hedge funds.

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.