Pan American Silver Corp. $PAAS Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Pan American Silver Corp. by 18.3% to 244,443 shares in Q1, now valued at approximately $6.31 million.
• In contrast, several institutional investors, including Vanguard Group Inc., increased their positions in the company, indicating ongoing interest in the stock.
• Pan American Silver recently announced an increase in its quarterly dividend from $0.10 to $0.12, reflecting a positive financial performance with a revenue increase of 18.3% year-over-year.

Trexquant Investment LP reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 18.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,443 shares of the basic materials company's stock after selling 54,878 shares during the period. Trexquant Investment LP owned 0.07% of Pan American Silver worth $6,314,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAAS. Envestnet Asset Management Inc. increased its position in Pan American Silver by 19.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 32,862 shares of the basic materials company's stock worth $664,000 after purchasing an additional 5,276 shares during the last quarter. Barclays PLC increased its position in Pan American Silver by 3.8% during the fourth quarter. Barclays PLC now owns 63,791 shares of the basic materials company's stock worth $1,290,000 after purchasing an additional 2,352 shares during the last quarter. First Trust Advisors LP increased its position in Pan American Silver by 226.1% during the fourth quarter. First Trust Advisors LP now owns 56,407 shares of the basic materials company's stock worth $1,141,000 after purchasing an additional 39,111 shares during the last quarter. Northern Trust Corp increased its position in Pan American Silver by 210.1% during the fourth quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company's stock worth $1,696,000 after purchasing an additional 56,826 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Pan American Silver during the fourth quarter worth about $222,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Down 1.2%

Shares of PAAS stock traded down $0.43 during trading on Thursday, reaching $33.62. The company's stock had a trading volume of 4,816,296 shares, compared to its average volume of 4,587,841. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 0.46 and a beta of 0.65. The stock's 50-day moving average price is $30.25 and its 200 day moving average price is $27.15. Pan American Silver Corp. has a 1-year low of $18.50 and a 1-year high of $35.00.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm had revenue of $811.90 million during the quarter, compared to analysts' expectations of $782.12 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business's quarterly revenue was up 18.3% compared to the same quarter last year. On average, research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a dividend of $0.12 per share. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a yield of 1.4%. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PAAS shares. TD Securities dropped their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen cut shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Finally, Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $31.40.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.