Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 21.1% during the 3rd quarter, Holdings Channel reports. The fund owned 54,233 shares of the company’s stock after purchasing an additional 9,465 shares during the quarter. Virtu Financial LLC’s holdings in Silvercorp Metals were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals in the second quarter valued at approximately $34,000. TD Asset Management Inc acquired a new stake in shares of Silvercorp Metals in the 2nd quarter valued at $568,000. Acadian Asset Management LLC lifted its position in shares of Silvercorp Metals by 1,218.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock worth $4,520,000 after purchasing an additional 1,252,174 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Silvercorp Metals by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,125,635 shares of the company’s stock worth $3,768,000 after purchasing an additional 9,300 shares during the last quarter. Finally, Rathbones Group PLC grew its stake in shares of Silvercorp Metals by 27.4% during the second quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock worth $57,000 after purchasing an additional 3,690 shares in the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Price Performance

Shares of SVM opened at $3.06 on Wednesday. The company has a market capitalization of $664.65 million, a P/E ratio of 10.18 and a beta of 1.20. Silvercorp Metals Inc. has a 52-week low of $2.22 and a 52-week high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $68.00 million during the quarter, compared to the consensus estimate of $67.90 million. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. On average, sell-side analysts predict that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.0125 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals’s dividend payout ratio is presently 10.00%.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their price target on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a report on Wednesday, August 21st.

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.