Alps Advisors Inc. Has $2.43 Million Stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Alps Advisors Inc. grew its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 536.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 627,376 shares of the company's stock after acquiring an additional 528,736 shares during the quarter. Alps Advisors Inc. owned about 0.29% of Silvercorp Metals worth $2,428,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SVM. Tidal Investments LLC lifted its holdings in shares of Silvercorp Metals by 17.8% during the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company's stock valued at $22,668,000 after purchasing an additional 1,143,210 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Silvercorp Metals by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock worth $17,336,000 after acquiring an additional 1,025,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Silvercorp Metals by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,921,616 shares of the company's stock worth $14,783,000 after acquiring an additional 261,669 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Silvercorp Metals by 37.4% during the 4th quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company's stock worth $7,333,000 after acquiring an additional 664,806 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Silvercorp Metals by 40.0% during the 4th quarter. Millennium Management LLC now owns 1,948,174 shares of the company's stock worth $5,850,000 after acquiring an additional 556,594 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company's stock.

Silvercorp Metals Trading Up 6.0%

Shares of NYSEAMERICAN SVM traded up $0.29 during midday trading on Friday, hitting $5.12. The stock had a trading volume of 7,889,252 shares, compared to its average volume of 4,624,217. The company's 50-day simple moving average is $4.12 and its 200 day simple moving average is $3.67. The firm has a market cap of $1.12 billion, a P/E ratio of 17.07 and a beta of 1.01. Silvercorp Metals Inc. has a fifty-two week low of $2.87 and a fifty-two week high of $5.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.05 and a quick ratio of 4.95.

Silvercorp Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.