Short-term stake in Grupo Aval Acciones y Valores SA (NYSE:AVAL) drops 45.4%


Grupo Aval Acciones y Valores SA (NYSE:AVAL – Get Rating) experienced a significant drop in short interest during the month of May. As of May 15, there was short interest totaling 73,100 shares, down 45.4% from April 30’s total of 133,900 shares. Based on an average trading volume of 136,700 shares, the short-term interest rate ratio is currently 0.5 days.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Itau Unibanco Holding SA bought a new position in Grupo Aval Acciones y Valores during the 4th quarter with a value of $3,196,000. Marshall Wace LLP bought a new position in Grupo Aval Acciones y Valores during the 3rd quarter at a value of $2,193,000. Two Sigma Investments LP acquired a new stake in the shares of Grupo Aval Acciones y Valores during the third quarter at a value of $1,688,000. StoneX Group Inc. acquired a new stake in the shares of Grupo Aval Acciones y Valores during the first quarter at a value of $1,264,000. Finally, Renaissance Technologies LLC increased its equity stake in Grupo Aval Acciones y Valores by 14.5% during the third quarter. Renaissance Technologies LLC now owns 1,253,872 shares of the bank worth $7,247,000 after purchasing an additional 158,334 shares during the period. Institutional investors own 0.45% of the company’s shares.

Separately, Zacks Investment Research downgraded shares of Grupo Aval Acciones y Valores from a “hold” to a “sell” rating in a research report released Wednesday.

AVAL traded down $0.17 at midday on Friday, hitting $4.23. 431,486 shares of the company were traded, against an average volume of 124,060. The company’s 50-day moving average price is $4.36 and its 200-day moving average price is $5.02. The company has a debt ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $4.70 billion, a PE ratio of 5.29 and a beta of 1.22. Grupo Aval Acciones y Valores has a 1-year minimum of $3.86 and a 1-year maximum of $6.17.

Grupo Aval Acciones y Valores (NYSE:AVAL – Get Rating) last released quarterly earnings data on Wednesday, March 16. The bank reported earnings per share of $0.18 for the quarter, missing analyst consensus estimates of $0.19 per ($0.01). The company had revenue of $931.23 million in the quarter. Grupo Aval Acciones y Valores achieved a net margin of 13.06% and a return on equity of 7.98%. As a group, analysts expect Grupo Aval Acciones y Valores to post EPS of 0.72 for the current financial year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 7. Investors of record on Thursday, June 2 will receive a dividend of $0.245 per share. This is a positive change from Grupo Aval Acciones y Valores’ previous quarterly dividend of $0.04. The posting date is Wednesday, June 1. This represents an annualized dividend of $0.98 and a yield of 23.17%. The dividend distribution rate of Grupo Aval Acciones y Valores is 2,198.75%.

About Grupo Aval Acciones y Valores (Get an evaluation)

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector clients in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, term deposits and other deposits. The Company also offers commercial loans including general purpose loans, working capital loans, leases, loans financed by development banks, corporate credit cards and overdraft loans; consumer loans, such as payday loans, personal loans, car and other vehicle loans, credit cards, overdrafts, leases and general purpose loans; and microcredit and mortgages.

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