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

Virtu Financial LLC grew its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 21.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,233 shares of the company’s stock after acquiring 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.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its holdings in shares of Silvercorp Metals by 2,712.3% during the 3rd quarter. Barclays PLC now owns 44,997 shares of the company’s stock worth $197,000 after buying an additional 43,397 shares during the last quarter. Geode Capital Management LLC grew its position in Silvercorp Metals by 11.1% in the third quarter. Geode Capital Management LLC now owns 100,795 shares of the company’s stock worth $439,000 after acquiring an additional 10,085 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Silvercorp Metals during the third quarter worth $441,000. XTX Topco Ltd raised its position in Silvercorp Metals by 1,092.1% in the third quarter. XTX Topco Ltd now owns 216,511 shares of the company’s stock valued at $946,000 after purchasing an additional 198,349 shares during the period. Finally, Zacks Investment Management purchased a new stake in Silvercorp Metals in the third quarter valued at $46,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Trading Up 1.2 %

Shares of SVM stock opened at $3.06 on Wednesday. The company has a market capitalization of $664.65 million, a PE ratio of 10.18 and a beta of 1.20. Silvercorp Metals Inc. has a one year low of $2.22 and a one year high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, topping 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 company had revenue of $68.00 million for the quarter, compared to analysts’ expectations of $67.90 million. Equities analysts expect that Silvercorp Metals Inc. will post 0.34 earnings per share for the current year.

Silvercorp Metals Cuts Dividend

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

Analysts Set New Price Targets

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 research report on Wednesday, August 21st.

Silvercorp Metals 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.