Grupo Supervielle (NYSE:SUPV) Shares Down 5.8% - Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price dropped 5.8% during mid-day trading on Monday . The stock traded as low as $10.30 and last traded at $10.34. Approximately 712,056 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 1,171,656 shares. The stock had previously closed at $10.98.

Analyst Upgrades and Downgrades

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

Grupo Supervielle Stock Performance

The firm has a market capitalization of $942.67 million, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.81. 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's 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $14.45.

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 the consensus estimate of $0.15 by ($0.06). Grupo Supervielle had a net margin of 4.33% and a return on equity of 8.02%. The business had revenue of $180.66 billion for the quarter, compared to analysts' expectations of $258.16 billion. Research analysts expect that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Grupo Supervielle Increases Dividend

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

Institutional Trading of Grupo Supervielle

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Grupo Supervielle during the 4th quarter valued at about $63,000. GAMMA Investing LLC lifted its holdings in Grupo Supervielle by 10.2% during the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock valued at $104,000 after purchasing an additional 737 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Grupo Supervielle during the fourth quarter valued at approximately $235,000. XTX Topco Ltd bought a new position in shares of Grupo Supervielle in the fourth quarter worth approximately $258,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Grupo Supervielle in the first quarter worth $268,000.

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.