Sprott (NYSE:SII) Sets New 1-Year High – Time to Buy?

Sprott Inc. (NYSE:SII) shares hit a new 52-week high during trading on Monday . The stock traded as high as $69.98 and last traded at $69.80, with a volume of 74660 shares traded. The stock had previously closed at $68.39.

Sprott Trading Down 2.6%

The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 35.61 and a beta of 1.04. The firm has a fifty day moving average price of $60.64 and a 200 day moving average price of $49.82.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. Sprott had a net margin of 27.53% and a return on equity of 15.34%. The firm had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $40.48 million.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott’s payout ratio is 62.50%.

Institutional Trading of Sprott

A number of large investors have recently made changes to their positions in SII. US Bancorp DE increased its position in shares of Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after buying an additional 300 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after purchasing an additional 745 shares during the period. Raymond James Financial Inc. acquired a new position in Sprott in the 4th quarter worth $2,531,000. HighTower Advisors LLC acquired a new position in Sprott in the 4th quarter worth $228,000. Finally, Horizon Kinetics Asset Management LLC boosted its stake in Sprott by 18.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company’s stock worth $8,116,000 after purchasing an additional 30,622 shares during the period. Institutional investors own 28.30% of the company’s stock.

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.