Ping Capital Management Inc. Has $1.58 Million Stock Holdings in Grupo Supervielle S.A. (NYSE:SUPV)

Ping Capital Management Inc. decreased its position in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 66.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 121,000 shares of the company's stock after selling 238,300 shares during the period. Grupo Supervielle comprises about 0.6% of Ping Capital Management Inc.'s investment portfolio, making the stock its 17th biggest holding. Ping Capital Management Inc. owned 0.14% of Grupo Supervielle worth $1,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SUPV. GAMMA Investing LLC lifted its stake in shares of Grupo Supervielle by 10.2% in the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock valued at $104,000 after purchasing an additional 737 shares during the last quarter. XTX Topco Ltd bought a new position in Grupo Supervielle in the 4th quarter worth $258,000. NewEdge Advisors LLC raised its holdings in Grupo Supervielle by 4.9% in the 4th quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock worth $281,000 after acquiring an additional 867 shares during the period. Turim 21 Investimentos Ltda. bought a new position in Grupo Supervielle in the 4th quarter worth $348,000. Finally, Insigneo Advisory Services LLC raised its holdings in Grupo Supervielle by 11.1% in the 1st quarter. Insigneo Advisory Services LLC now owns 36,209 shares of the company's stock worth $473,000 after acquiring an additional 3,604 shares during the period.

Analyst Upgrades and Downgrades

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

Grupo Supervielle Price Performance

NYSE SUPV traded down $0.11 on Monday, reaching $9.64. The company's stock had a trading volume of 316,976 shares, compared to its average volume of 1,179,688. The firm has a market cap of $853.43 million, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.72. Grupo Supervielle S.A. has a 52 week low of $5.00 and a 52 week high of $19.75. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $12.30 and a 200 day moving average price of $13.95.

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

Grupo Supervielle Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a dividend of $0.187 per share. This represents a dividend yield of 1.18%. This is a positive change from Grupo Supervielle's previous annual dividend of $0.16. The ex-dividend date of this dividend was Monday, May 19th. Grupo Supervielle's dividend payout ratio is presently 25.68%.

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.