Grupo Supervielle SA (NYSE:SUPV) sees sharp decline in short-term interest

Grupo Supervielle SA (NYSE:SUPV – Get Rating) saw a sharp decline in short-term interest in June. As of June 30, there was short interest totaling 374,700 shares, down 27.2% from the total of 514,800 shares as of June 15. Based on an average trading volume of 344,100 shares, the day-to-cover ratio is currently 1.1 days.

Changes to analyst ratings

A number of equity research analysts have weighed in on SUPV shares. TheStreet downgraded Grupo Supervielle from a “c-” rating to a “d+” rating in a Wednesday, June 22 research report. StockNews.com took over coverage of Grupo Supervielle stocks in a Thursday, March 31 report. They set a “hold” rating for the company.

Grupo Supervielle stock market performance

SUPV opened at $1.29 on Monday. Grupo Supervielle has a one-year low of $1.23 and a one-year high of $2.89. The company has a 50-day simple moving average of $1.59 and a two-hundred-day simple moving average of $1.79. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt ratio of 0.01.

Grupo Supervielle (NYSE:SUPV – Get Rating) last released its quarterly results on Tuesday, May 17. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 per ($0.06). Grupo Supervielle had a negative net margin of 1.19% and a negative return on equity of 2.70%. The company posted revenue of $160.04 million in the quarter, versus a consensus estimate of $171.62 million. As a group, equity research analysts expect Grupo Supervielle to post 0.15 earnings per share for the current fiscal year.

Grupo Supervielle cuts its dividend

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The company also recently declared an annual dividend, which was paid on Tuesday, May 24. Shareholders of record on Monday, May 16 received a dividend of $0.0154 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, May 13.

Institutional trading of Grupo Supervielle

A number of hedge funds and other institutional investors have recently increased or reduced their holdings in SUPV. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Grupo Supervielle by 46.1% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,163 shares of the company valued at $49,000 after purchasing an additional 7,942 shares last quarter. Mercer Global Advisors Inc. ADV increased its stake in Grupo Supervielle by 27.2% in the first quarter. Mercer Global Advisors Inc. ADV now owns 31,045 shares of the company worth $63,000 after purchasing an additional 6,632 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Grupo Supervielle by 21.5% during the first quarter. Envestnet Asset Management Inc. now owns 32,474 shares of the company valued at $66,000 after acquiring an additional 5,749 shares last quarter. Mirabella Financial Services LLP bought a new position in shares of Grupo Supervielle in Q4 worth approximately $176,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Supervielle by 42.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 158,920 shares of the company worth $310,000 after acquiring an additional 47,654 shares in the last quarter. 3.04% of the shares are held by hedge funds and other institutional investors.

Company Profile Grupo Supervielle

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Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The Company operates through the Personal and Commercial Banking, Corporate Banking, Treasury and Finance, Capital Markets and Structuring, and Support Areas segments. It offers savings accounts, term and demand deposits and checking accounts; various lending products, including personal, consumer, mortgage, unsecured and auto loans; discovered; loans with special facilities for project financing and working capital; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, guarantees and international letters of credit, salary payment plans, credit cards, debit cards and benefits payment services for the elderly , as well as financial services and investments, such as mutual funds and guarantees.

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