XTX Topco Ltd Purchases 198,349 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

XTX Topco Ltd boosted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 1,092.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 216,511 shares of the company’s stock after purchasing an additional 198,349 shares during the period. XTX Topco Ltd owned about 0.10% of Silvercorp Metals worth $946,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Silvercorp Metals by 563.7% in the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after purchasing an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Silvercorp Metals in the 3rd quarter worth $32,000. First Heartland Consultants Inc. bought a new stake in Silvercorp Metals in the 2nd quarter worth $34,000. International Assets Investment Management LLC bought a new stake in Silvercorp Metals in the 3rd quarter worth $46,000. Finally, Zacks Investment Management bought a new stake in shares of Silvercorp Metals during the 3rd quarter valued at about $46,000. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Trading Down 1.1 %

SVM stock opened at $3.20 on Wednesday. The stock has a market capitalization of $695.10 million, a P/E ratio of 10.65 and a beta of 1.21. Silvercorp Metals Inc. has a 12 month low of $2.22 and a 12 month high of $5.32.

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

Silvercorp Metals Cuts Dividend

The firm also recently disclosed 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. This represents a yield of 0.6%. The ex-dividend date is Friday, November 29th. Silvercorp Metals’s payout ratio is 10.00%.

Wall Street Analyst Weigh In

Separately, Roth Mkm dropped their price objective on shares of 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.