U S Global Investors Inc. Purchases 70,000 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

U S Global Investors Inc. boosted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 28.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,000 shares of the company's stock after acquiring an additional 70,000 shares during the period. U S Global Investors Inc. owned 0.15% of Silvercorp Metals worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SVM. Atria Wealth Solutions Inc. bought a new position in Silvercorp Metals in the fourth quarter valued at approximately $62,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Silvercorp Metals in the 4th quarter valued at $187,000. Pine Valley Investments Ltd Liability Co acquired a new position in shares of Silvercorp Metals in the 4th quarter valued at $111,000. Aigen Investment Management LP boosted its position in shares of Silvercorp Metals by 21.4% in the 4th quarter. Aigen Investment Management LP now owns 31,635 shares of the company's stock worth $95,000 after purchasing an additional 5,579 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Silvercorp Metals in the 4th quarter worth $103,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Trading Down 3.1%

Silvercorp Metals stock traded down $0.13 during midday trading on Friday, hitting $4.07. 7,870,627 shares of the stock were exchanged, compared to its average volume of 4,428,188. The stock has a market capitalization of $887.26 million, a PE ratio of 13.57 and a beta of 1.01. The company has a fifty day simple moving average of $3.93 and a two-hundred day simple moving average of $3.69. The company has a quick ratio of 4.95, a current ratio of 5.05 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.

Silvercorp Metals Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, June 6th were issued a $0.0125 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 0.6%. Silvercorp Metals's dividend payout ratio (DPR) is presently 8.33%.

Analyst Ratings Changes

Separately, Roth Capital reiterated a "buy" rating and issued a $6.25 price objective (up previously from $6.00) on shares of Silvercorp Metals in a report on Tuesday, May 27th.

About Silvercorp Metals

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.