Grupo Supervielle (NYSE:SUPV) Trading Up 5.3% – Still a Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) rose 5.3% on Monday . The stock traded as high as $16.41 and last traded at $16.25. Approximately 198,911 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,159,199 shares. The stock had previously closed at $15.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Monday, May 12th.

Grupo Supervielle Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 22.89 and a beta of 1.93. The business has a 50 day simple moving average of $14.13 and a 200-day simple moving average of $14.12.

Grupo Supervielle Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.187 per share. This is a boost from Grupo Supervielle’s previous annual dividend of $0.16. The ex-dividend date is Monday, May 19th. This represents a yield of 1.18%. Grupo Supervielle’s payout ratio is presently 23.08%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Grupo Supervielle in the 4th quarter worth approximately $63,000. GAMMA Investing LLC increased its stake in Grupo Supervielle by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company’s stock valued at $104,000 after purchasing an additional 737 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new position in Grupo Supervielle in the fourth quarter valued at approximately $151,000. Y Intercept Hong Kong Ltd purchased a new position in Grupo Supervielle during the fourth quarter worth approximately $235,000. Finally, XTX Topco Ltd acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at approximately $258,000.

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.