DGS Capital Management LLC Sells 15,716 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

DGS Capital Management LLC reduced its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 48.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,623 shares of the company’s stock after selling 15,716 shares during the quarter. DGS Capital Management LLC’s holdings in Silvercorp Metals were worth $54,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd grew its position in shares of Silvercorp Metals by 77.3% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after buying an additional 11,546 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Silvercorp Metals during the third quarter valued at approximately $39,000. PEAK6 Investments LLC bought a new stake in shares of Silvercorp Metals during the third quarter valued at approximately $46,000. Sprott Inc. boosted its position in shares of Silvercorp Metals by 4.7% during the fourth quarter. Sprott Inc. now owns 994,445 shares of the company’s stock valued at $2,595,000 after purchasing an additional 44,754 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Silvercorp Metals during the fourth quarter valued at approximately $119,000. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Stock Performance

NYSEAMERICAN SVM opened at $3.37 on Friday. Silvercorp Metals Inc. has a twelve month low of $2.08 and a twelve month high of $4.39. The company has a market cap of $598.75 million, a P/E ratio of 15.27 and a beta of 1.31.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its earnings results on Thursday, May 23rd. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Silvercorp Metals had a return on equity of 6.71% and a net margin of 16.87%. The business had revenue of $42.68 million for the quarter, compared to the consensus estimate of $38.50 million. Research analysts predict that Silvercorp Metals Inc. will post 0.28 EPS for the current fiscal year.

Silvercorp Metals Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 7th were issued a $0.0125 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend was Friday, June 7th. Silvercorp Metals’s dividend payout ratio (DPR) is 15.00%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and set a $6.00 price target (up from $5.75) on shares of Silvercorp Metals in a research report on Tuesday, May 28th.

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.