Voloridge Investment Management LLC Buys New Position in Grupo Supervielle S.A. (NYSE:SUPV)

Voloridge Investment Management LLC bought a new position in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 112,032 shares of the company's stock, valued at approximately $1,693,000. Voloridge Investment Management LLC owned approximately 0.13% of Grupo Supervielle as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SUPV. RWC Asset Management LLP acquired a new stake in Grupo Supervielle during the 4th quarter worth $11,251,000. Millennium Management LLC lifted its holdings in Grupo Supervielle by 65.1% in the fourth quarter. Millennium Management LLC now owns 514,060 shares of the company's stock valued at $7,767,000 after acquiring an additional 202,633 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Grupo Supervielle by 103.3% during the 4th quarter. BNP Paribas Financial Markets now owns 124,648 shares of the company's stock worth $1,883,000 after purchasing an additional 63,345 shares during the period. 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 worth $19,724,000 after buying an additional 1,106,497 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Grupo Supervielle during the 4th quarter worth approximately $235,000.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday.

Grupo Supervielle Stock Performance

Shares of SUPV stock traded down $0.27 during mid-day trading on Monday, hitting $12.75. The stock had a trading volume of 986,105 shares, compared to its average volume of 1,163,640. The firm has a market cap of $1.13 billion, a PE ratio of 17.71 and a beta of 1.93. The company's 50-day simple moving average is $14.35 and its 200-day simple moving average is $14.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. Grupo Supervielle S.A. has a fifty-two week low of $5.00 and a fifty-two week high of $19.75.

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

Grupo Supervielle Increases Dividend

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

About Grupo Supervielle

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.