Tidal Investments LLC Sells 136,120 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Tidal Investments LLC reduced its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,673,931 shares of the company's stock after selling 136,120 shares during the period. Tidal Investments LLC owned about 2.59% of MAG Silver worth $36,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAG. Aigen Investment Management LP bought a new position in MAG Silver in the 4th quarter valued at $156,000. D. E. Shaw & Co. Inc. acquired a new position in shares of MAG Silver during the fourth quarter valued at $156,000. Susquehanna Fundamental Investments LLC bought a new position in MAG Silver in the fourth quarter valued at about $188,000. Tradition Wealth Management LLC acquired a new stake in MAG Silver in the fourth quarter worth about $222,000. Finally, Strategic Financial Concepts LLC acquired a new stake in MAG Silver in the fourth quarter worth about $240,000. 52.50% of the stock is currently owned by institutional investors and hedge funds.

MAG Silver Stock Performance

Shares of NYSEAMERICAN:MAG traded up $0.23 during trading on Friday, reaching $18.69. The stock had a trading volume of 361,856 shares, compared to its average volume of 1,023,359. MAG Silver Corp. has a 52 week low of $11.29 and a 52 week high of $19.17. The firm's fifty day moving average is $15.79 and its 200 day moving average is $15.49. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 26.32 and a beta of 1.09.

MAG Silver Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, May 19th. This represents a yield of 0.5%. MAG Silver's payout ratio is currently 101.41%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Roth Capital set a $16.00 target price on shares of MAG Silver in a report on Tuesday, March 25th. HC Wainwright restated a "buy" rating and set a $22.00 target price on shares of MAG Silver in a report on Thursday, April 24th. Raymond James reissued an "outperform" rating on shares of MAG Silver in a report on Tuesday, March 25th. Wall Street Zen raised MAG Silver from a "sell" rating to a "hold" rating in a report on Monday, March 31st. Finally, TD Securities cut MAG Silver from a "strong-buy" rating to a "strong sell" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $18.13.

MAG Silver Profile

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.