Short Interest in Sprott Inc. (NYSE:SII) Drops By 29.5%

Sprott Inc. (NYSE:SII) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 240,800 shares, a decline of 29.5% from the May 31st total of 341,800 shares. Based on an average daily volume of 132,100 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Sprott

Several hedge funds have recently bought and sold shares of the business. Murchinson Ltd. purchased a new stake in shares of Sprott in the first quarter worth $18,480,000. North Star Investment Management Corp. raised its holdings in Sprott by 7.7% in the fourth quarter. North Star Investment Management Corp. now owns 162,716 shares of the company’s stock worth $5,524,000 after buying an additional 11,586 shares during the last quarter. Spartan Fund Management Inc. bought a new position in shares of Sprott in the fourth quarter worth approximately $2,909,000. Raymond James & Associates increased its position in shares of Sprott by 10.3% during the fourth quarter. Raymond James & Associates now owns 59,211 shares of the company’s stock valued at $2,010,000 after acquiring an additional 5,545 shares in the last quarter. Finally, Sprott Inc. lifted its position in Sprott by 28.3% in the 4th quarter. Sprott Inc. now owns 58,967 shares of the company’s stock valued at $2,002,000 after acquiring an additional 13,005 shares in the last quarter. Institutional investors own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded shares of Sprott from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th.

Sprott Trading Down 0.4 %

Shares of SII stock traded down $0.17 during mid-day trading on Friday, reaching $41.39. The stock had a trading volume of 115,084 shares, compared to its average volume of 114,115. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.07 billion, a PE ratio of 23.12 and a beta of 1.13. Sprott has a 52-week low of $28.04 and a 52-week high of $47.30. The stock’s 50-day moving average price is $42.64 and its two-hundred day moving average price is $38.39.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 earnings per share (EPS) for the quarter. Sprott had a net margin of 28.76% and a return on equity of 15.15%. The business had revenue of $41.54 million for the quarter.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. Sprott’s dividend payout ratio (DPR) is 55.87%.

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.