Grupo Supervielle (NYSE:SUPV) Shares Gap Down – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $15.94, but opened at $15.18. Grupo Supervielle shares last traded at $15.82, with a volume of 281,123 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Monday, May 12th.

Grupo Supervielle Stock Down 1.2%

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 21.88 and a beta of 1.93. The firm’s 50 day simple moving average is $14.39 and its 200-day simple moving average is $14.32.

Grupo Supervielle Increases Dividend

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

Hedge Funds Weigh In On Grupo Supervielle

Large investors have recently bought and sold shares of the stock. RWC Asset Management LLP acquired a new position in Grupo Supervielle in the fourth quarter valued at $11,251,000. Brevan Howard Capital Management LP boosted its stake in Grupo Supervielle by 585.4% in the fourth quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock valued at $19,724,000 after acquiring an additional 1,106,497 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Grupo Supervielle in the fourth quarter valued at $235,000. Arrowstreet Capital Limited Partnership boosted its stake in Grupo Supervielle by 5.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company’s stock valued at $22,193,000 after acquiring an additional 75,129 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Grupo Supervielle by 103.3% in the fourth quarter. BNP Paribas Financial Markets now owns 124,648 shares of the company’s stock valued at $1,883,000 after acquiring an additional 63,345 shares in the last quarter.

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.