Public Employees Retirement System of Ohio Has $1.05 Million Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Public Employees Retirement System of Ohio grew its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 245.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 349,272 shares of the company's stock after purchasing an additional 248,108 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Silvercorp Metals worth $1,049,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SVM. Raymond James Financial Inc. bought a new position in shares of Silvercorp Metals during the fourth quarter worth about $103,000. Atria Wealth Solutions Inc. bought a new position in shares of Silvercorp Metals during the fourth quarter worth about $62,000. Bank of America Corp DE raised its position in shares of Silvercorp Metals by 206.4% during the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company's stock worth $3,774,000 after acquiring an additional 847,547 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Silvercorp Metals during the fourth quarter worth about $46,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Silvercorp Metals during the fourth quarter worth about $187,000. 22.30% of the stock is owned by institutional investors and hedge funds.

Silvercorp Metals Trading Up 2.9%

SVM stock traded up $0.12 during mid-day trading on Thursday, reaching $4.33. The company's stock had a trading volume of 11,162,160 shares, compared to its average volume of 4,019,775. The company has a market cap of $942.73 million, a price-to-earnings ratio of 12.03 and a beta of 1.20. The business's 50 day moving average price is $3.73 and its 200 day moving average price is $3.71. The company has a current ratio of 4.61, a quick ratio of 4.35 and a debt-to-equity ratio of 0.13. Silvercorp Metals Inc. has a 12 month low of $2.87 and a 12 month high of $5.32.

Silvercorp Metals Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, June 6th will be issued a $0.0125 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a yield of 0.6%. Silvercorp Metals's payout ratio is currently 8.33%.

Wall Street Analysts Forecast Growth

Separately, Roth Capital restated a "buy" rating and set a $6.25 price objective (up from $6.00) on shares of Silvercorp Metals in a research report on Tuesday, May 27th.

Silvercorp Metals 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.