Caption Management LLC Invests $1.19 Million in MAG Silver Corporation $MAG

Key Points

• Caption Management LLC has acquired a new position in MAG Silver Corporation, purchasing 78,000 shares valued at approximately $1.19 million, representing 0.08% ownership of the company.
• Several large institutional investors have also made significant transactions involving MAG Silver, indicating a strong interest in the stock within the investment community.
• MAG Silver recently announced a dividend of $0.124, with a yield of 236.0%, set to be paid on September 1st, showing commitment to returning value to shareholders.

Caption Management LLC bought a new position in MAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 78,000 shares of the company's stock, valued at approximately $1,192,000. Caption Management LLC owned approximately 0.08% of MAG Silver as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new position in shares of MAG Silver in the first quarter valued at approximately $37,000. Northwest & Ethical Investments L.P. boosted its position in shares of MAG Silver by 39.3% in the first quarter. Northwest & Ethical Investments L.P. now owns 8,178 shares of the company's stock valued at $124,000 after acquiring an additional 2,308 shares during the period. D.A. Davidson & CO. bought a new position in shares of MAG Silver in the first quarter valued at approximately $167,000. D. E. Shaw & Co. Inc. bought a new position in shares of MAG Silver in the fourth quarter valued at approximately $156,000. Finally, Everett Harris & Co. CA bought a new position in shares of MAG Silver in the first quarter valued at approximately $177,000. Hedge funds and other institutional investors own 52.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MAG shares. HC Wainwright restated a "neutral" rating and issued a $22.00 price objective on shares of MAG Silver in a research report on Thursday, July 24th. Roth Capital restated a "neutral" rating and issued a $23.00 price objective (up from $22.00) on shares of MAG Silver in a research report on Tuesday, August 12th. TD Securities lowered shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, August 12th. Finally, Canaccord Genuity Group lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, MAG Silver currently has an average rating of "Hold" and an average price target of $21.00.

MAG Silver Stock Performance

MAG Silver stock traded down $0.29 during mid-day trading on Friday, hitting $24.47. 2,177,252 shares of the company traded hands, compared to its average volume of 1,906,338. MAG Silver Corporation has a one year low of $11.72 and a one year high of $25.09. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 24.72 and a beta of 0.73. The stock has a fifty day moving average price of $22.37 and a 200-day moving average price of $18.82.

MAG Silver Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 1st. Stockholders of record on Tuesday, August 19th were issued a $0.124 dividend. This represents a dividend yield of 236.0%. The ex-dividend date was Monday, August 18th. MAG Silver's payout ratio is presently 33.80%.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.