Short-term stake in Grupo Supervielle SA (NYSE:SUPV) increases by 36.5%

Grupo Supervielle SA (NYSE:SUPV – Get a rating) recorded a sharp increase in short-term interest during the month of June. As of June 15, there was short interest totaling 514,800 shares, an increase of 36.5% from the total of 377,100 shares as of May 31. Based on an average daily volume of 349,200 shares, the short interest ratio is currently 1.5 days.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Envestnet Asset Management Inc. increased its stake in Grupo Supervielle shares by 21.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,474 shares of the company valued at $66,000 after purchasing an additional 5,749 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Grupo Supervielle shares by 27.2% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 31,045 shares of the company valued at $63,000 after purchasing an additional 6,632 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Grupo Supervielle shares by 46.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,163 shares of the company valued at $49,000 after purchasing an additional 7,942 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Supervielle shares by 42.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 158,920 shares of the company valued at $310,000 after purchasing an additional 47,654 shares during the period. Finally, Mirabella Financial Services LLP acquired a new equity stake in Grupo Supervielle in Q4 valued at approximately $176,000. Institutional investors hold 3.04% of the company’s shares.

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Shares of Grupo Supervielle opened at $1.40 on Friday. The company has a market capitalization of $127.88 million, a price-earnings ratio of -8.75 and a beta of 1.40. The company has a debt ratio of 0.01, a current ratio of 0.56 and a quick ratio of 0.56. Grupo Supervielle has a fifty-two week low of $1.31 and a fifty-two week high of $2.89. The company has a fifty-day moving average price of $1.68 and a two-hundred-day moving average price of $1.84.

Supervielle Group (NYSE: SUPV – Get a rating) last reported results on Tuesday, May 17. The company reported ($0.04) earnings per share for the quarter, missing analyst consensus estimates of $0.02 per ($0.06). The company posted revenue of $160.04 million for the quarter, versus analyst estimates of $171.62 million. Grupo Supervielle had a negative return on equity of 2.70% and a negative net margin of 1.19%. As a group, sell-side analysts expect Grupo Supervielle to post earnings per share of 0.13 for the current year.

The company also recently declared an annual dividend, which was paid on Tuesday, May 24. Shareholders of record on Monday, May 16 received a dividend of $0.0154. This represents a return of 1.8%. The ex-dividend date was Friday, May 13.

Several equity analysts have weighed in on SUPV shares. TheStreet downgraded Grupo Supervielle from a “c-” rating to a “d+” rating in a Wednesday, June 22 report. began covering Grupo Supervielle in a report on Thursday, March 31. They have set a “holding” rating on the stock.

About Grupo Supervielle (Get a rating)

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The Company operates through the Personal and Commercial Banking, Corporate Banking, Treasury and Finance, Capital Markets and Structuring, and Support Areas segments. It offers savings accounts, term and demand deposits and checking accounts; various loan products, including personal, consumer, mortgage, unsecured and auto loans; discovered; loans with special facilities for project financing and working capital; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, guarantees and international letters of credit, salary payment plans, credit cards, debit cards and benefits payment services for the elderly , as well as financial services and investments, such as mutual funds and guarantees.

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