Ping Capital Management Inc. Sells 37,700 Shares of Grupo Supervielle S.A. (NYSE:SUPV)

Ping Capital Management Inc. decreased its position in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,300 shares of the company's stock after selling 37,700 shares during the quarter. Grupo Supervielle accounts for approximately 1.3% of Ping Capital Management Inc.'s holdings, making the stock its 9th largest position. Ping Capital Management Inc. owned 0.41% of Grupo Supervielle worth $5,429,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SUPV. GAMMA Investing LLC boosted its position in Grupo Supervielle by 151.4% during the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company's stock valued at $109,000 after purchasing an additional 4,349 shares during the period. Centiva Capital LP acquired a new position in Grupo Supervielle during the 3rd quarter valued at approximately $127,000. Dynamic Technology Lab Private Ltd acquired a new position in Grupo Supervielle during the 3rd quarter worth $145,000. Stratos Wealth Advisors LLC acquired a new position in Grupo Supervielle during the 4th quarter worth $151,000. Finally, Quantbot Technologies LP boosted its position in Grupo Supervielle by 212.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company's stock worth $205,000 after acquiring an additional 19,602 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SUPV shares. Morgan Stanley upgraded Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price target for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. upgraded Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 price target for the company in a research report on Thursday, December 12th.

Grupo Supervielle Price Performance

Shares of SUPV traded down $1.19 during midday trading on Friday, reaching $15.33. The stock had a trading volume of 1,325,441 shares, compared to its average volume of 1,301,172. Grupo Supervielle S.A. has a 52 week low of $3.70 and a 52 week high of $19.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. The firm's 50 day moving average price is $15.76 and its 200-day moving average price is $10.73. The company has a market capitalization of $1.36 billion, a P/E ratio of 21.29 and a beta of 1.95.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%. On average, analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

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.