Grupo Supervielle (NYSE:SUPV) Shares Down 4% - Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) fell 4% on Wednesday . The company traded as low as $12.21 and last traded at $12.13. 262,923 shares traded hands during trading, a decline of 77% from the average session volume of 1,159,678 shares. The stock had previously closed at $12.63.

Analyst Upgrades and Downgrades

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

Grupo Supervielle Stock Up 2.5%

The firm has a 50-day moving average price of $14.23 and a 200 day moving average price of $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. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 16.83 and a beta of 1.81.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted 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). Grupo Supervielle had a net margin of 5.80% and a return on equity of 15.92%. The firm had revenue of $180.66 billion during the quarter, compared to analyst estimates of $258.16 billion. Sell-side analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Grupo Supervielle Increases Dividend

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

Hedge Funds Weigh In On Grupo Supervielle

Several institutional investors and hedge funds have recently made changes to their positions in the company. RWC Asset Management LLP acquired a new stake in Grupo Supervielle during the fourth quarter worth approximately $11,251,000. Millennium Management LLC lifted its stake in shares of Grupo Supervielle by 65.1% in the 4th 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 lifted its stake in shares of Grupo Supervielle by 103.3% in the 4th quarter. BNP Paribas Financial Markets now owns 124,648 shares of the company's stock valued at $1,883,000 after acquiring an additional 63,345 shares during the last quarter. Brevan Howard Capital Management LP lifted its stake in shares of Grupo Supervielle by 585.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company's stock valued at $19,724,000 after acquiring an additional 1,106,497 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Grupo Supervielle in the 4th quarter valued at $235,000.

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.