Alps Advisors Inc. Raises Stock Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Alps Advisors Inc. grew its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 536.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,376 shares of the company's stock after purchasing an additional 528,736 shares during the period. Alps Advisors Inc. owned approximately 0.29% of Silvercorp Metals worth $2,428,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SVM. Raymond James Financial Inc. purchased a new position in shares of Silvercorp Metals during the 4th quarter valued at $103,000. Swiss National Bank grew its position in Silvercorp Metals by 5.6% in the fourth quarter. Swiss National Bank now owns 428,500 shares of the company's stock worth $1,287,000 after acquiring an additional 22,800 shares in the last quarter. Quantbot Technologies LP grew its position in Silvercorp Metals by 17.4% in the fourth quarter. Quantbot Technologies LP now owns 183,293 shares of the company's stock worth $550,000 after acquiring an additional 27,209 shares in the last quarter. LPL Financial LLC grew its position in Silvercorp Metals by 23.7% in the fourth quarter. LPL Financial LLC now owns 115,251 shares of the company's stock worth $346,000 after acquiring an additional 22,079 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in Silvercorp Metals in the fourth quarter worth $46,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Capital restated a "buy" rating and set a $6.75 price target (up from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st.

Silvercorp Metals Stock Down 7.7%

Shares of NYSEAMERICAN SVM traded down $0.39 on Wednesday, reaching $4.67. 8,819,325 shares of the company's stock traded hands, compared to its average volume of 4,662,492. Silvercorp Metals Inc. has a 12 month low of $2.87 and a 12 month high of $5.32. The business's 50 day simple moving average is $4.18 and its two-hundred day simple moving average is $3.68. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 15.57 and a beta of 1.01. The company has a quick ratio of 4.95, a current ratio of 5.05 and a debt-to-equity ratio of 0.13.

Silvercorp Metals Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, June 26th. Investors of record on Friday, June 6th were given a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 6th. Silvercorp Metals's dividend payout ratio (DPR) is currently 8.33%.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.