Jane Street Group LLC lowered its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 78.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,442 shares of the company's stock after selling 192,267 shares during the period. Jane Street Group LLC's holdings in Silvercorp Metals were worth $160,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Tradition Wealth Management LLC acquired a new position in Silvercorp Metals during the fourth quarter worth approximately $46,000. Prudential Financial Inc. bought a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $46,000. Oxford Asset Management LLP bought a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $54,000. Atria Wealth Solutions Inc. acquired a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $62,000. Finally, Tudor Investment Corp ET AL bought a new stake in Silvercorp Metals in the 4th quarter valued at $63,000. Institutional investors and hedge funds own 22.30% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Roth Capital reaffirmed a "buy" rating and set a $6.25 price target (up previously from $6.00) on shares of Silvercorp Metals in a report on Tuesday, May 27th.
Read Our Latest Research Report on SVM
Silvercorp Metals Stock Performance
Shares of SVM stock traded down $0.12 during midday trading on Tuesday, hitting $4.26. 9,575,149 shares of the company were exchanged, compared to its average volume of 4,135,329. Silvercorp Metals Inc. has a 52 week low of $2.87 and a 52 week high of $5.32. The firm has a market capitalization of $927.49 million, a P/E ratio of 11.83 and a beta of 1.20. The firm's 50 day moving average price is $3.76 and its two-hundred day moving average price is $3.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61.
Silvercorp Metals Announces Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, June 26th. Stockholders of record on Friday, June 6th will be given a $0.0125 dividend. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 0.6%. Silvercorp Metals's payout ratio is presently 8.33%.
About Silvercorp Metals
(
Free Report)
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.
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