156,084 Shares in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 156,084 shares of the company’s stock, valued at approximately $682,000. Quantbot Technologies LP owned 0.07% of Silvercorp Metals at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in Silvercorp Metals by 2.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company’s stock valued at $23,369,000 after buying an additional 115,300 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Silvercorp Metals during the 3rd quarter worth $104,000. Aigen Investment Management LP acquired a new position in shares of Silvercorp Metals during the third quarter worth $113,000. Capital Performance Advisors LLP bought a new stake in shares of Silvercorp Metals during the third quarter worth about $32,000. Finally, Van ECK Associates Corp increased its position in Silvercorp Metals by 153.8% in the 3rd quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock valued at $105,689,000 after acquiring an additional 13,399,851 shares during the period. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

Shares of NYSEAMERICAN:SVM opened at $3.23 on Tuesday. Silvercorp Metals Inc. has a 1 year low of $2.22 and a 1 year high of $5.32. The stock has a market capitalization of $701.63 million, a PE ratio of 10.87 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The firm had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $67.90 million. On average, equities research analysts forecast that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.0125 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 10.00%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm cut their price objective on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a research note on Wednesday, August 21st.

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.