Balyasny Asset Management L.P. Cuts Stock Holdings in Grupo Supervielle S.A. (NYSE:SUPV)

Balyasny Asset Management L.P. lowered its position in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,129 shares of the company's stock after selling 21,638 shares during the period. Balyasny Asset Management L.P. owned 0.06% of Grupo Supervielle worth $773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Grupo Supervielle by 129.3% in the third quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company's stock valued at $2,663,000 after buying an additional 211,166 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $289,000. Sparta 24 Ltd. purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $2,192,000. Stratos Wealth Advisors LLC purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $151,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $235,000.

Grupo Supervielle Price Performance

Shares of SUPV stock traded up $0.19 during trading hours on Friday, hitting $15.59. The company's stock had a trading volume of 801,176 shares, compared to its average volume of 1,167,288. The business has a fifty day moving average of $14.13 and a 200-day moving average of $14.08. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 21.65 and a beta of 1.93. Grupo Supervielle S.A. has a twelve month low of $5.00 and a twelve month high of $19.75. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Grupo Supervielle Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be paid a dividend of $0.187 per share. This is an increase from Grupo Supervielle's previous annual dividend of $0.16. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 1.18%. Grupo Supervielle's dividend payout ratio is presently 23.08%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Grupo Supervielle from a "hold" rating to a "sell" rating in a report on Monday, May 12th.

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.