Grupo Supervielle (NYSE:SUPV) Stock Price Down 8% – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV)’s share price dropped 8% during mid-day trading on Monday . The company traded as low as $10.53 and last traded at $10.47. Approximately 557,682 shares were traded during mid-day trading, a decline of 40% from the average session volume of 924,825 shares. The stock had previously closed at $11.38.

Analyst Ratings Changes

A number of analysts have weighed in on SUPV shares. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Grupo Supervielle currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Trading Down 9.0%

The stock has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $10.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $907.02 million, a P/E ratio of -17.57 and a beta of 1.57.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. Grupo Supervielle had a negative net margin of 3.46% and a negative return on equity of 4.40%. The business had revenue of $145.40 million for the quarter. On average, research analysts expect that Grupo Supervielle S.A. will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN bought a new position in Grupo Supervielle during the 4th quarter valued at about $55,000. Van ECK Associates Corp grew its stake in shares of Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after acquiring an additional 4,666 shares during the period. Titan Global Capital Management USA LLC lifted its position in Grupo Supervielle by 5.7% during the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after purchasing an additional 5,245 shares during the period. Insigneo Advisory Services LLC grew its position in Grupo Supervielle by 5.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock worth $502,000 after purchasing an additional 5,361 shares during the period. Finally, Cetera Investment Advisers grew its position in Grupo Supervielle by 29.3% in the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after purchasing an additional 6,000 shares during the period.

About Grupo Supervielle

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.