Stock traders buy high volume of Sprott call options (NYSE: SII)

Sprott Inc. (NYSE: SII) saw unusual options trading activity on Wednesday. Investors bought 2,135 call options on the stock. This is an increase of approximately 744% over the typical volume of 253 call options.

NYSE SII traded up $ 0.74 on Wednesday, reaching $ 43.95. 994 shares of the company were traded, for an average volume of 100,879. The company’s 50-day moving average price is $ 42.31. The company has a rapid ratio of 2.22, a current ratio of 2.22, and a debt ratio of 0.12. The company has a market cap of $ 1.13 billion, a price-to-earnings ratio of 37.57 and a beta of 1.11. Sprott has a twelve month low of $ 28.03 and a twelve month high of $ 47.89.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 30. Shareholders of record on Monday, November 15, received a dividend of $ 0.25 per share. The ex-dividend date was Friday, November 12. This represents an annualized dividend of $ 1.00 and a yield of 2.28%. Sprott’s payout ratio is currently 86.96%.

Several stock analysts recently published reports on the stock. TD Securities raised its price target for Sprott shares from C $ 56.00 to C $ 61.00 and gave the company a “buy” rating in a report released on Monday, November 8. Zacks Investment Research downgraded Sprott’s shares from a “buy” rating to a “keep” rating in a research note on Thursday, November 11. Finally, the Royal Bank of Canada raised its price target for Sprott shares from C $ 54.00 to C $ 60.00 and awarded the company a “sector performance” rating in a research note on Monday. November 8.

A number of hedge funds and other institutional investors have recently bought and sold shares of SII. Waratah Capital Advisors Ltd. increased its stake in Sprott by 10.3% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 503,577 shares of the company valued at $ 18,509,000 after acquiring an additional 46,897 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Sprott by 1.8% in the third quarter. Russell Investments Group Ltd. now owns 405,408 shares of the company valued at $ 14,901,000 after acquiring an additional 7,216 shares during the last quarter. Morgan Stanley increased its stake in Sprott by 16.4% in the second quarter. Morgan Stanley now owns 320,581 shares of the company valued at $ 12,608,000 after acquiring 45,141 additional shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in Sprott during the 3rd quarter valued at approximately $ 8,859,000. Finally, North Star Investment Management Corp. increased its stake in Sprott by 12.7% during the 3rd quarter. North Star Investment Management Corp. now owns 147,800 shares of the company valued at $ 5,423,000 after acquiring an additional 16,667 shares during the last quarter. Hedge funds and other institutional investors hold 24.44% of the company’s shares.

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About Sprott

Sprott, Inc provides investment advisory services. It operates in the following segments: listed products, loans, managed stocks, brokerage and corporate. The Listed Products segment provides management services to the firm’s physical closed-end trusts and exchange-traded funds.

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