Grupo Supervielle (NYSE:SUPV) Trading Down 4.1% After Earnings Miss

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) shares dropped 4.1% during trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $15.00 and last traded at $15.06. Approximately 695,725 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,158,816 shares. The stock had previously closed at $15.70.

The company reported $0.09 EPS 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.

Grupo Supervielle Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.187 per share. The ex-dividend date was Monday, May 19th. This is a boost from Grupo Supervielle's previous annual dividend of $0.16. This represents a yield of 1.18%. Grupo Supervielle's dividend payout ratio (DPR) is 23.08%.

Analyst Ratings Changes

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

Institutional Trading of Grupo Supervielle

Several hedge funds and other institutional investors have recently bought and sold shares of SUPV. SBI Securities Co. Ltd. purchased a new stake in Grupo Supervielle in the fourth quarter worth $63,000. GAMMA Investing LLC lifted its holdings in Grupo Supervielle by 10.2% in the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock valued at $104,000 after acquiring an additional 737 shares during the period. Stratos Wealth Advisors LLC purchased a new position in shares of Grupo Supervielle during the 4th quarter valued at about $151,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Grupo Supervielle during the 4th quarter valued at about $235,000. Finally, XTX Topco Ltd bought a new stake in Grupo Supervielle during the 4th quarter valued at approximately $258,000.

Grupo Supervielle Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $14.38 and a 200-day moving average of $14.47. The company has a market cap of $1.15 billion, a P/E ratio of 18.07 and a beta of 1.93.

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.