Two Sigma Investments LP Invests $401,000 in MAG Silver Corp. (NYSEAMERICAN:MAG)

Two Sigma Investments LP purchased a new stake in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,453 shares of the company's stock, valued at approximately $401,000.

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

MAG Silver Price Performance

Shares of MAG Silver stock traded up $0.15 during trading hours on Thursday, hitting $21.42. 1,968,580 shares of the company's stock traded hands, compared to its average volume of 1,164,739. MAG Silver Corp. has a 12-month low of $11.29 and a 12-month high of $21.83. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 30.17 and a beta of 1.09. The company has a fifty day simple moving average of $17.11 and a 200-day simple moving average of $15.97.

MAG Silver Dividend Announcement

The company also recently declared a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 0.5%. MAG Silver's payout ratio is 101.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MAG shares. Raymond James reaffirmed an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Roth Mkm lowered their target price on MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. TD Securities lowered MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Wall Street Zen raised MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. Finally, Roth Capital set a $16.00 price target on MAG Silver in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, MAG Silver presently has a consensus rating of "Hold" and a consensus price target of $18.13.

About MAG Silver

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.