Grupo Supervielle (NYSE:SUPV) Trading Down 5.8%

Grupo Supervielle S.A. (NYSE:SUPV) dropped 5.8% during trading on Wednesday . The company traded as low as $5.70 and last traded at $5.73. Approximately 1,143,954 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 1,297,234 shares. The stock had previously closed at $6.08.

Grupo Supervielle Trading Down 5.9 %

The business’s fifty day moving average is $5.14 and its 200 day moving average is $3.90. The firm has a market capitalization of $522.46 million, a P/E ratio of 6.02 and a beta of 2.11.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $385.72 million for the quarter. Grupo Supervielle had a net margin of 3.94% and a return on equity of 18.26%. As a group, sell-side analysts predict that Grupo Supervielle S.A. will post 0.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Grupo Supervielle by 44.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 310,085 shares of the company’s stock worth $1,259,000 after acquiring an additional 95,697 shares in the last quarter. Jump Financial LLC bought a new stake in Grupo Supervielle in the third quarter worth approximately $192,000. Quadrature Capital Ltd grew its position in Grupo Supervielle by 162.4% in the fourth quarter. Quadrature Capital Ltd now owns 41,080 shares of the company’s stock worth $168,000 after acquiring an additional 25,425 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Grupo Supervielle in the fourth quarter worth approximately $67,000.

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.