Ping Capital Management Inc. Reduces Position in Grupo Supervielle S.A. (NYSE:SUPV)

Ping Capital Management Inc. decreased its holdings in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 66.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,000 shares of the company's stock after selling 238,300 shares during the period. Grupo Supervielle accounts for about 0.6% of Ping Capital Management Inc.'s portfolio, making the stock its 17th biggest position. Ping Capital Management Inc. owned 0.14% of Grupo Supervielle worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. PointState Capital LP increased its position in shares of Grupo Supervielle by 300.7% during the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock valued at $28,659,000 after acquiring an additional 1,423,383 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Grupo Supervielle by 585.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company's stock valued at $19,724,000 after buying an additional 1,106,497 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Grupo Supervielle by 111.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock valued at $21,296,000 after buying an additional 742,479 shares during the period. Millennium Management LLC boosted its stake in Grupo Supervielle by 65.1% during the fourth quarter. Millennium Management LLC now owns 514,060 shares of the company's stock valued at $7,767,000 after buying an additional 202,633 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in Grupo Supervielle during the fourth quarter valued at about $1,693,000.

Grupo Supervielle Stock Down 2.0%

NYSE SUPV traded down $0.20 during mid-day trading on Friday, reaching $9.74. The stock had a trading volume of 785,179 shares, compared to its average volume of 1,182,082. The stock has a market cap of $862.28 million, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day moving average price of $12.30 and a 200 day moving average price of $13.98. Grupo Supervielle S.A. has a 1 year low of $5.00 and a 1 year high of $19.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.06). The company had revenue of $180.66 billion during the quarter, compared to analysts' expectations of $258.16 billion. Grupo Supervielle had a return on equity of 8.02% and a net margin of 4.33%. On average, research analysts expect that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Grupo Supervielle Increases Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.187 dividend. The ex-dividend date was Monday, May 19th. This represents a yield of 1.18%. This is an increase from Grupo Supervielle's previous annual dividend of $0.16. Grupo Supervielle's dividend payout ratio is currently 25.68%.

Analyst Ratings Changes

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

Grupo Supervielle 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.