Two Sigma Advisers LP Sells 177,800 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Two Sigma Advisers LP lessened its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,200 shares of the company's stock after selling 177,800 shares during the quarter. Two Sigma Advisers LP owned 0.34% of Silvercorp Metals worth $2,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SVM. Prudential Financial Inc. acquired a new position in Silvercorp Metals during the fourth quarter worth $46,000. Tradition Wealth Management LLC acquired a new position in Silvercorp Metals during the fourth quarter worth $46,000. Oxford Asset Management LLP acquired a new position in Silvercorp Metals during the fourth quarter worth $54,000. Atria Wealth Solutions Inc. acquired a new position in Silvercorp Metals during the fourth quarter worth $62,000. Finally, Tudor Investment Corp ET AL acquired a new position in Silvercorp Metals during the fourth quarter worth $63,000. Institutional investors and hedge funds own 22.30% of the company's stock.

Analysts Set New Price Targets

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

Silvercorp Metals Stock Performance

NYSEAMERICAN SVM traded up $0.27 on Monday, hitting $4.16. 9,037,286 shares of the stock were exchanged, compared to its average volume of 3,954,646. 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 business's fifty day moving average is $3.72 and its 200 day moving average is $3.71. Silvercorp Metals Inc. has a 52 week low of $2.87 and a 52 week high of $5.32. The company has a market capitalization of $905.72 million, a PE ratio of 11.56 and a beta of 1.20.

Silvercorp Metals Announces Dividend

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

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.