Millennium Management LLC Buys 556,594 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Millennium Management LLC increased its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,948,174 shares of the company's stock after purchasing an additional 556,594 shares during the quarter. Millennium Management LLC owned approximately 0.89% of Silvercorp Metals worth $5,850,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SVM. Renaissance Technologies LLC boosted its holdings in shares of Silvercorp Metals by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock valued at $17,336,000 after buying an additional 1,025,000 shares during the last quarter. Marshall Wace LLP bought a new stake in Silvercorp Metals in the fourth quarter valued at approximately $2,788,000. Bank of America Corp DE lifted its position in shares of Silvercorp Metals by 206.4% in the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company's stock valued at $3,774,000 after buying an additional 847,547 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Silvercorp Metals in the fourth quarter valued at $895,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Silvercorp Metals by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,921,616 shares of the company's stock valued at $14,783,000 after acquiring an additional 261,669 shares during the period. Institutional investors own 22.30% of the company's stock.

Silvercorp Metals Price Performance

NYSEAMERICAN:SVM traded up $0.02 during trading hours on Friday, reaching $3.88. 5,882,727 shares of the company were exchanged, compared to its average volume of 3,915,634. The business has a 50 day moving average of $3.72 and a 200 day moving average of $3.70. Silvercorp Metals Inc. has a 1-year low of $2.87 and a 1-year high of $5.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.35. The company has a market capitalization of $844.75 million, a P/E ratio of 10.78 and a beta of 1.20.

Silvercorp Metals Dividend Announcement

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

Analyst Ratings Changes

Separately, Roth Capital reaffirmed a "buy" rating and issued a $6.25 target price (up previously from $6.00) on shares of Silvercorp Metals in a research report on Tuesday.

Silvercorp Metals Company Profile

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.