Grupo Supervielle (NYSE:SUPV) Trading Down 5.8%

Shares of 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 traded hands during 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 Price Performance

The business’s 50 day moving average is $5.14 and its 200 day moving average is $3.90. The stock has a market cap of $522.46 million, a price-to-earnings ratio of 6.02 and a beta of 2.11.

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

Institutional Inflows and Outflows

Several 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% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 310,085 shares of the company’s stock worth $1,259,000 after buying an additional 95,697 shares during the period. Jump Financial LLC acquired a new position in Grupo Supervielle during the third quarter worth about $192,000. Quadrature Capital Ltd grew its position in Grupo Supervielle by 162.4% during the fourth quarter. Quadrature Capital Ltd now owns 41,080 shares of the company’s stock worth $168,000 after buying an additional 25,425 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Grupo Supervielle during the fourth quarter worth about $67,000.

Grupo Supervielle Company Profile

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.