Sprott (NYSE:SII) Sets New 1-Year Low at $31.89

Sprott Inc. (NYSE:SIIGet Rating) shares hit a new 52-week low during trading on Friday . The stock traded as low as $31.89 and last traded at $31.89, with a volume of 2591 shares. The stock had previously closed at $33.41.

Sprott Stock Down 3.6 %

The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $834.95 million, a P/E ratio of 30.99 and a beta of 1.08. The company has a fifty day moving average of $36.54 and a 200 day moving average of $40.27.

Sprott (NYSE:SIIGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.03 earnings per share (EPS) for the quarter. Sprott had a return on equity of 8.95% and a net margin of 18.83%. The business had revenue of $30.55 million during the quarter.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Friday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Thursday, August 11th. Sprott’s dividend payout ratio (DPR) is 97.09%.

Institutional Investors Weigh In On Sprott

Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in shares of Sprott by 66.3% in the second quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock worth $56,000 after buying an additional 650 shares in the last quarter. Toronto Dominion Bank boosted its stake in Sprott by 10.8% during the second quarter. Toronto Dominion Bank now owns 3,350 shares of the company’s stock worth $116,000 after buying an additional 327 shares during the period. D.A. Davidson & CO. purchased a new position in Sprott during the first quarter worth $252,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Sprott during the first quarter worth $230,000. Finally, Truist Financial Corp purchased a new position in Sprott during the second quarter worth $224,000. 28.28% of the stock is currently owned by hedge funds and other institutional investors.

About Sprott

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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.

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