Atria Wealth Solutions Inc. Increases Position in Silvercorp Metals Inc. $SVM

Atria Wealth Solutions Inc. lifted its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 143.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the company’s stock after purchasing an additional 29,500 shares during the period. Atria Wealth Solutions Inc.’s holdings in Silvercorp Metals were worth $194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC raised its position in Silvercorp Metals by 17.8% in the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company’s stock valued at $22,668,000 after purchasing an additional 1,143,210 shares during the period. Marshall Wace LLP purchased a new stake in shares of Silvercorp Metals during the fourth quarter worth $2,788,000. Bank of America Corp DE increased its position in shares of Silvercorp Metals by 206.4% during the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company’s stock worth $3,774,000 after acquiring an additional 847,547 shares during the period. Two Sigma Investments LP increased its position in shares of Silvercorp Metals by 37.4% during the fourth quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company’s stock worth $7,333,000 after acquiring an additional 664,806 shares during the period. Finally, Millennium Management LLC increased its holdings in Silvercorp Metals by 40.0% in the fourth quarter. Millennium Management LLC now owns 1,948,174 shares of the company’s stock valued at $5,850,000 after buying an additional 556,594 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Stock Performance

Shares of Silvercorp Metals stock opened at $4.58 on Monday. The firm has a market cap of $1.00 billion, a PE ratio of 17.62 and a beta of 0.92. The firm’s 50-day simple moving average is $4.52 and its 200-day simple moving average is $3.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.61. Silvercorp Metals Inc. has a 1 year low of $2.87 and a 1 year high of $5.32.

Silvercorp Metals Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, June 26th. Investors of record on Friday, June 6th were given a dividend of $0.0125 per share. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend was Friday, June 6th. Silvercorp Metals’s dividend payout ratio is currently 8.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SVM. Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a research note on Thursday, August 7th. Roth Capital reaffirmed a “buy” rating and issued a $6.75 price objective (up previously from $6.25) on shares of Silvercorp Metals in a report on Tuesday, July 1st.

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.