Two Sigma Investments LP Increases Stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Two Sigma Investments LP increased its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 37.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,444,427 shares of the company's stock after purchasing an additional 664,806 shares during the period. Two Sigma Investments LP owned 1.12% of Silvercorp Metals worth $7,333,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SVM. Tidal Investments LLC grew its position in shares of Silvercorp Metals by 17.8% during the 4th 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 in the last quarter. Toronto Dominion Bank bought a new stake in Silvercorp Metals during the fourth quarter valued at $250,000. Man Group plc grew its position in Silvercorp Metals by 39.5% during the fourth quarter. Man Group plc now owns 703,947 shares of the company's stock worth $2,112,000 after buying an additional 199,342 shares in the last quarter. Millennium Management LLC increased its stake in Silvercorp Metals by 40.0% in 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 22.30% of the company's stock.

Analyst Ratings Changes

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

Silvercorp Metals Price Performance

NYSEAMERICAN:SVM traded down $0.03 during midday trading on Friday, hitting $3.84. The company had a trading volume of 1,348,565 shares, compared to its average volume of 3,898,584. The company has a market capitalization of $834.96 million, a PE ratio of 10.65 and a beta of 1.20. The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. Silvercorp Metals Inc. has a 52-week low of $2.87 and a 52-week high of $5.32. The stock's fifty day moving average price is $3.72 and its 200-day moving average price is $3.70.

Silvercorp Metals Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, June 6th will be paid 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%.

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.