Quantbot Technologies LP Acquires New Shares in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Quantbot Technologies LP purchased a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 156,084 shares of the company's stock, valued at approximately $682,000. Quantbot Technologies LP owned 0.07% of Silvercorp Metals as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp lifted its position in shares of Silvercorp Metals by 153.8% during 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. Acadian Asset Management LLC boosted its stake in shares of Silvercorp Metals by 1,218.7% in the second quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company's stock valued at $4,520,000 after purchasing an additional 1,252,174 shares during the period. TD Asset Management Inc acquired a new position in shares of Silvercorp Metals in the 2nd quarter valued at approximately $568,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 acquiring an additional 115,300 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Silvercorp Metals by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company's stock valued at $15,577,000 after purchasing an additional 110,200 shares during the period. Institutional investors and hedge funds own 22.30% of the company's stock.

Silvercorp Metals Stock Performance

Shares of NYSEAMERICAN:SVM traded up $0.04 during midday trading on Tuesday, reaching $3.27. The company had a trading volume of 1,897,659 shares, compared to its average volume of 2,267,888. The company has a market cap of $711.42 million, a P/E ratio of 11.00 and a beta of 1.21. Silvercorp Metals Inc. has a 1-year low of $2.22 and a 1-year high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $68.00 million during the quarter, compared to the consensus estimate of $67.90 million. As a group, equities analysts predict that Silvercorp Metals Inc. will post 0.34 earnings per share for the current fiscal year.

Silvercorp Metals Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.0125 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals's dividend payout ratio is currently 10.00%.

Analyst Ratings Changes

Separately, Roth Mkm cut their price objective 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.