GAMMA Investing LLC Acquires 96,710 Shares of Grupo Supervielle S.A. (NYSE:SUPV)

GAMMA Investing LLC boosted its stake in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 1,339.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,931 shares of the company's stock after purchasing an additional 96,710 shares during the quarter. GAMMA Investing LLC owned about 0.12% of Grupo Supervielle worth $13,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SUPV. SBI Securities Co. Ltd. bought a new position in Grupo Supervielle in the 4th quarter valued at about $63,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Grupo Supervielle during the 4th quarter worth approximately $151,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Grupo Supervielle during the 4th quarter worth approximately $235,000. XTX Topco Ltd acquired a new position in Grupo Supervielle during the fourth quarter valued at approximately $258,000. Finally, NewEdge Advisors LLC raised its position in Grupo Supervielle by 4.9% during the fourth quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock valued at $281,000 after purchasing an additional 867 shares in the last quarter.

Grupo Supervielle Price Performance

Shares of SUPV stock traded up $0.61 on Tuesday, reaching $12.51. The company had a trading volume of 1,904,205 shares, compared to its average volume of 1,167,192. The business's 50-day moving average is $14.21 and its 200 day moving average is $14.54. Grupo Supervielle S.A. has a one year low of $5.00 and a one year high of $19.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.11 billion, a PE ratio of 17.38 and a beta of 1.81.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.06). The company had revenue of $180.66 billion for the quarter, compared to analyst estimates of $258.16 billion. Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%. Equities research analysts forecast that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Grupo Supervielle Increases Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a $0.187 dividend. This represents a yield of 1.18%. The ex-dividend date was Monday, May 19th. This is a boost from Grupo Supervielle's previous annual dividend of $0.16. Grupo Supervielle's dividend payout ratio is presently 24.32%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.