National Asset Management Inc. Increases Stock Holdings in Silvercorp Metals Inc (NYSEAMERICAN:SVM)

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National Asset Management Inc. grew its stake in Silvercorp Metals Inc (NYSEAMERICAN:SVM) by 25.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,669 shares of the company’s stock after buying an additional 7,145 shares during the quarter. National Asset Management Inc.’s holdings in Silvercorp Metals were worth $88,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Silvercorp Metals by 172.8% during the 4th quarter. Geode Capital Management LLC now owns 28,101 shares of the company’s stock valued at $58,000 after purchasing an additional 17,800 shares during the period. BlackRock Inc. bought a new stake in shares of Silvercorp Metals during the fourth quarter worth about $101,000. Millennium Management LLC increased its position in shares of Silvercorp Metals by 166.1% during the fourth quarter. Millennium Management LLC now owns 66,246 shares of the company’s stock worth $139,000 after acquiring an additional 41,354 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Silvercorp Metals during the first quarter worth about $56,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Silvercorp Metals by 72.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 500,226 shares of the company’s stock worth $1,284,000 after purchasing an additional 210,800 shares during the last quarter.

Shares of SVM stock traded down $0.04 during trading hours on Wednesday, reaching $4.42. The company had a trading volume of 1,053,952 shares, compared to its average volume of 492,313. Silvercorp Metals Inc has a one year low of $1.83 and a one year high of $4.46.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $45.58 million during the quarter, compared to analyst estimates of $45.50 million.

SVM has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Silvercorp Metals from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. TheStreet upgraded shares of Silvercorp Metals from a “c+” rating to a “b-” rating in a report on Tuesday, July 16th.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.

See Also: Market Capitalization in the Stock Market

Institutional Ownership by Quarter for Silvercorp Metals (NYSEAMERICAN:SVM)

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