Virtu Financial LLC Invests $243,000 in Silvercorp Metals Inc. $SVM

Key Points

• Virtu Financial LLC acquired a new position in Silvercorp Metals Inc. by purchasing 62,688 shares, valued at approximately $243,000, during the 1st quarter.
• Silvercorp Metals has announced a semi-annual dividend of $0.0125 per share, reflecting a dividend yield of 60.0%.
• Research analysts have favorable projections for Silvercorp Metals, with Roth Capital raising its price target to $6.75 and maintaining a "buy" rating.

Virtu Financial LLC acquired a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 62,688 shares of the company's stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SVM. Tidal Investments LLC raised its holdings in shares of Silvercorp Metals by 17.8% during the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company's stock valued at $22,668,000 after acquiring an additional 1,143,210 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Silvercorp Metals by 5.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,921,616 shares of the company's stock valued at $14,783,000 after acquiring an additional 261,669 shares in the last quarter. Citigroup Inc. boosted its holdings in Silvercorp Metals by 8,416.5% in the first quarter. Citigroup Inc. now owns 3,573,536 shares of the company's stock valued at $13,780,000 after acquiring an additional 3,531,576 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Silvercorp Metals by 37.4% in the fourth quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company's stock valued at $7,333,000 after acquiring an additional 664,806 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Silvercorp Metals by 40.0% in the fourth quarter. Millennium Management LLC now owns 1,948,174 shares of the company's stock valued at $5,850,000 after acquiring an additional 556,594 shares in the last quarter. Institutional investors own 22.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SVM shares. Roth Capital reiterated a "buy" rating and issued a $6.75 price target (up previously from $6.25) on shares of Silvercorp Metals in a report on Tuesday, July 1st. Raymond James Financial reiterated an "outperform" rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $6.75.

Silvercorp Metals Stock Up 1.6%

SVM stock traded up $0.07 during midday trading on Thursday, hitting $4.47. The stock had a trading volume of 3,993,206 shares, compared to its average volume of 4,253,071. The firm has a market cap of $976.87 million, a price-to-earnings ratio of 17.19 and a beta of 0.92. The business has a 50-day moving average of $4.53 and a two-hundred day moving average of $3.95. Silvercorp Metals Inc. has a 52-week low of $2.87 and a 52-week high of $5.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50.

Silvercorp Metals Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, June 26th. Investors of record on Friday, June 6th were paid a $0.0125 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend was Friday, June 6th. Silvercorp Metals's dividend payout ratio is presently 8.33%.

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.