Sprott Inc. (NYSE:SII) Short Interest Down 22.8% in August

Sprott Inc. (NYSE:SII) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 131,400 shares, a drop of 22.8% from the August 15th total of 170,200 shares. Based on an average daily volume of 113,200 shares, the short-interest ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Sprott

A number of institutional investors and hedge funds have recently modified their holdings of SII. Toronto Dominion Bank increased its position in shares of Sprott by 64.2% during the second 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. The Manufacturers Life Insurance Company lifted its stake in Sprott by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 17,188 shares of the company’s stock valued at $712,000 after buying an additional 277 shares during the last quarter. TD Asset Management Inc grew its position in shares of Sprott by 0.7% during the second quarter. TD Asset Management Inc now owns 56,456 shares of the company’s stock worth $2,341,000 after acquiring an additional 380 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Sprott by 107.1% in the 2nd quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after acquiring an additional 452 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sprott by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the company’s stock valued at $296,000 after purchasing an additional 626 shares during the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Trading Up 1.6 %

Sprott stock traded up $0.66 during midday trading on Friday, hitting $41.55. 102,909 shares of the stock were exchanged, compared to its average volume of 91,248. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 23.21 and a beta of 1.10. The stock’s 50-day simple moving average is $42.18 and its 200 day simple moving average is $41.15. Sprott has a fifty-two week low of $28.04 and a fifty-two week high of $47.30.

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

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, August 19th. Sprott’s payout ratio is presently 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.