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

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

Sprott Stock Up 1.2 %

The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.13 billion, a P/E ratio of 24.05 and a beta of 1.09. The company has a fifty day moving average of $44.29 and a 200 day moving average of $43.23.

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a $0.30 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. Sprott’s payout ratio is presently 65.93%.

Institutional Trading of Sprott

Several hedge funds have recently bought and sold shares of SII. Sei Investments Co. bought a new stake in Sprott during the first quarter valued at about $431,000. Lazard Asset Management LLC bought a new stake in Sprott during the first quarter valued at about $39,000. Mather Group LLC. grew its holdings in Sprott by 107.1% during the second quarter. Mather Group LLC. now owns 874 shares of the company’s stock valued at $36,000 after purchasing an additional 452 shares during the period. SG Americas Securities LLC bought a new stake in Sprott during the second quarter valued at about $170,000. Finally, ORG Partners LLC bought a new stake in Sprott during the second quarter valued at about $153,000. 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.