MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,395 shares of the company's stock after selling 32,627 shares during the period. Guggenheim Capital LLC owned 0.09% of MAG Silver worth $1,311,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rossby Financial LCC purchased a new position in shares of MAG Silver in the fourth quarter worth about $326,000. Raymond James Financial Inc. acquired a new stake in MAG Silver in the 4th quarter valued at about $3,482,000. Geode Capital Management LLC lifted its stake in MAG Silver by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 50,088 shares of the company's stock worth $687,000 after purchasing an additional 1,245 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of MAG Silver by 38.4% during the 4th quarter. Schroder Investment Management Group now owns 323,100 shares of the company's stock worth $4,297,000 after purchasing an additional 89,700 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of MAG Silver by 20.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company's stock valued at $242,000 after purchasing an additional 3,029 shares in the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

MAG Silver Price Performance

Shares of NYSEAMERICAN:MAG traded down $0.24 during mid-day trading on Friday, reaching $15.48. 366,224 shares of the company were exchanged, compared to its average volume of 686,282. MAG Silver Corp. has a 1 year low of $11.29 and a 1 year high of $18.27. The firm's 50-day simple moving average is $15.49 and its 200 day simple moving average is $15.26. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 21.80 and a beta of 1.09.

MAG Silver Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 4th were paid a $0.18 dividend. The ex-dividend date was Friday, April 4th. This represents a dividend yield of 1.5%. MAG Silver's payout ratio is presently 101.41%.

Wall Street Analyst Weigh In

MAG has been the topic of a number of recent research reports. Raymond James reissued an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. Roth Capital set a $16.00 price objective on shares of MAG Silver in a report on Tuesday, March 25th. Scotiabank reaffirmed a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. Roth Mkm decreased their target price on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, StockNews.com upgraded shares of MAG Silver from a "sell" rating to a "hold" rating in a report on Monday, March 31st. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.60.

About MAG Silver

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.