24,000 Shares in MAG Silver Corp. (NYSEAMERICAN:MAG) Bought by Rossby Financial LCC

Rossby Financial LCC bought a new stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,000 shares of the company's stock, valued at approximately $326,000.

Several other large investors have also added to or reduced their stakes in the stock. Aigen Investment Management LP bought a new position in shares of MAG Silver in the 4th quarter worth approximately $156,000. Verition Fund Management LLC purchased a new stake in MAG Silver in the third quarter worth $168,000. Strategic Financial Concepts LLC bought a new position in MAG Silver in the fourth quarter worth $240,000. Pictet Asset Management Holding SA lifted its position in MAG Silver by 20.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company's stock valued at $242,000 after buying an additional 3,029 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of MAG Silver by 498.1% during the 4th quarter. Quantbot Technologies LP now owns 22,089 shares of the company's stock valued at $300,000 after buying an additional 18,396 shares in the last quarter. Institutional investors own 52.50% of the company's stock.

MAG Silver Trading Down 2.9 %

MAG stock traded down $0.47 during midday trading on Friday, hitting $15.53. The company's stock had a trading volume of 577,947 shares, compared to its average volume of 686,609. The company has a market cap of $1.61 billion, a PE ratio of 21.87 and a beta of 1.09. The firm's 50-day moving average is $15.54 and its 200-day moving average is $15.23. MAG Silver Corp. has a 12 month low of $11.29 and a 12 month high of $18.27.

MAG Silver Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 1.5%. MAG Silver's dividend payout ratio (DPR) is presently 101.41%.

Analysts Set New Price Targets

MAG has been the subject of several research reports. Scotiabank reiterated a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. Roth Capital set a $16.00 target price on shares of MAG Silver in a research note on Tuesday, March 25th. TD Securities raised MAG Silver to a "strong-buy" rating in a research report on Monday, March 10th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. Finally, Raymond James reiterated an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MAG Silver currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.60.

MAG Silver Company Profile

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.