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

Voloridge Investment Management LLC acquired a new stake in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,032 shares of the company's stock, valued at approximately $1,693,000. Voloridge Investment Management LLC owned about 0.13% of Grupo Supervielle as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Grupo Supervielle in the fourth quarter valued at approximately $63,000. Stratos Wealth Advisors LLC purchased a new position in Grupo Supervielle in the fourth quarter valued at $151,000. Y Intercept Hong Kong Ltd purchased a new position in Grupo Supervielle in the fourth quarter valued at $235,000. XTX Topco Ltd purchased a new position in shares of Grupo Supervielle during the fourth quarter worth about $258,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Grupo Supervielle by 4.9% during the fourth quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock worth $281,000 after purchasing an additional 867 shares during the last quarter.

Analysts Set New Price Targets

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

Grupo Supervielle Price Performance

Shares of SUPV traded down $0.08 during mid-day trading on Monday, reaching $12.94. 263,017 shares of the company's stock were exchanged, compared to its average volume of 1,160,981. 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 company has a 50-day simple moving average of $14.38 and a two-hundred day simple moving average of $14.50. Grupo Supervielle S.A. has a 52-week low of $5.00 and a 52-week high of $19.75. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 18.06 and a beta of 1.93.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its earnings results on Tuesday, May 27th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.06). The firm 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 15.92% and a net margin of 5.80%. On average, sell-side analysts predict 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 paid a $0.187 dividend. This is a boost from Grupo Supervielle's previous annual dividend of $0.16. This represents a yield of 1.18%. The ex-dividend date of this dividend was Monday, May 19th. Grupo Supervielle's 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.