Grupo Supervielle (NYSE:SUPV) Trading 5.6% Higher - Here's Why

Key Points

• Grupo Supervielle's stock increased by 5.6% during mid-day trading, reaching $10.56 after closing at $10.00.
• Analysts upgraded Grupo Supervielle from a "sell" to a "hold" rating as the company reported a quarterly EPS of $0.09, missing expectations.
• The company recently increased its annual dividend to $0.187, representing a yield of 1.18%, with a payout ratio of 25.68%.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price shot up 5.6% during mid-day trading on Tuesday . The company traded as high as $10.60 and last traded at $10.56. 736,394 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 1,169,691 shares. The stock had previously closed at $10.00.

Analyst Ratings Changes

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 Performance

The stock has a 50-day moving average of $11.15 and a 200-day moving average of $13.45. The firm has a market cap of $879.10 million, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 10.59 and a beta of 1.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 0.88.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its earnings results on Tuesday, May 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.06). The firm had revenue of $180.66 billion during the quarter, compared to analyst estimates of $258.16 billion. Grupo Supervielle had a net margin of 4.33% and a return on equity of 8.02%. As a group, analysts anticipate that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Grupo Supervielle Increases Dividend

The business also recently declared 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 positive change from Grupo Supervielle's previous annual dividend of $0.16. This represents a yield of 118.0%. The ex-dividend date was Monday, May 19th. Grupo Supervielle's dividend payout ratio is 25.68%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd grew its stake in Grupo Supervielle by 197.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company's stock valued at $405,000 after purchasing an additional 25,340 shares in the last quarter. Sparta 24 Ltd. bought a new position in Grupo Supervielle in the second quarter valued at approximately $27,000. Kiker Wealth Management LLC bought a new position in Grupo Supervielle in the second quarter valued at approximately $1,345,000. Ping Capital Management Inc. boosted its stake in shares of Grupo Supervielle by 52.3% during the 2nd quarter. Ping Capital Management Inc. now owns 184,300 shares of the company's stock worth $1,952,000 after acquiring an additional 63,300 shares during the period. Finally, Caxton Associates LLP bought a new position in shares of Grupo Supervielle during the 1st quarter worth approximately $1,802,000.

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.