ETF Managers Group LLC bought a new stake in shares of Great Panther Silver Ltd (NYSEMKT:GPL) (TSE:GPR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,958,262 shares of the basic materials company’s stock, valued at approximately $2,507,000. ETF Managers Group LLC owned 1.17% of Great Panther Silver at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Securities LLC raised its stake in Great Panther Silver by 205.2% during the 1st quarter. Two Sigma Securities LLC now owns 69,002 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 46,391 shares during the period. OppenheimerFunds Inc. bought a new stake in Great Panther Silver during the 1st quarter valued at approximately $196,000. KCG Holdings Inc. raised its stake in Great Panther Silver by 82.5% during the 1st quarter. KCG Holdings Inc. now owns 124,454 shares of the basic materials company’s stock valued at $204,000 after purchasing an additional 56,270 shares during the period. Goldman Sachs Group Inc. bought a new stake in Great Panther Silver during the 1st quarter valued at approximately $218,000. Finally, Virtu KCG Holdings LLC raised its stake in Great Panther Silver by 60.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 200,261 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 75,807 shares during the period.

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Great Panther Silver Ltd (NYSEMKT:GPL) traded down 0.400% during mid-day trading on Friday, reaching $1.245. The company’s stock had a trading volume of 119,174 shares. Great Panther Silver Ltd has a 12-month low of $1.11 and a 12-month high of $2.28. The company has a market cap of $209.09 million, a PE ratio of 69.167 and a beta of 0.97. The firm’s 50 day moving average is $1.31 and its 200-day moving average is $1.31.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Great Panther Silver from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Noble Financial reaffirmed a “hold” rating on shares of Great Panther Silver in a research note on Friday, August 4th. HC Wainwright reaffirmed a “buy” rating on shares of Great Panther Silver in a research note on Wednesday, August 16th. Finally, Roth Capital assumed coverage on Great Panther Silver in a research note on Thursday, August 10th. They issued a “buy” rating and a $2.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Great Panther Silver presently has an average rating of “Hold” and an average target price of $2.00.

About Great Panther Silver

Great Panther Silver Ltd (Great Panther) is a Canada-based silver mining and precious metals producer and exploration company. The Company owns two producing mining operations: the Topia Mine and the Guanajuato Mine Complex (GMC). Its segments include GMC, Topia, Exploration and Corporate. The GMC operations produce silver and gold.

Institutional Ownership by Quarter for Great Panther Silver (NYSEMKT:GPL)

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