First Manhattan Co. Acquires Shares of 61,400 Silvercorp Metals Inc (SVM)
First Manhattan Co. acquired a new stake in shares of Silvercorp Metals Inc (NYSE:SVM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,400 shares of the company’s stock, valued at approximately $197,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in Silvercorp Metals during the second quarter valued at approximately $255,000. Acadian Asset Management LLC acquired a new position in Silvercorp Metals during the second quarter valued at approximately $3,849,000. Finally, Spark Investment Management LLC acquired a new position in Silvercorp Metals during the second quarter valued at approximately $4,072,000.
Silvercorp Metals Inc (NYSE SVM) opened at 2.75 on Friday. Silvercorp Metals Inc has a 1-year low of $2.67 and a 1-year high of $3.33. The stock has a market cap of $461.70 million and a price-to-earnings ratio of 9.82. The stock has a 50 day moving average of $2.91 and a 200 day moving average of $2.94.
Separately, TheStreet raised shares of Silvercorp Metals from a “d” rating to a “b-” rating in a research note on Monday, May 15th.
Silvercorp Metals Company Profile
Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.
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