Grupo Supervielle SA -ADR’s Lock-Up Period Will Expire Tomorrow (NASDAQ:SUPV)
Grupo Supervielle SA -ADR’s (NASDAQ:SUPV) lock-up period will end on Tuesday, November 15th. Grupo Supervielle SA -ADR had issued 25,500,015 shares in its IPO on May 19th. The total size of the offering was $280,500,165 based on an initial share price of $11.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Several research firms have commented on SUPV. Zacks Investment Research raised Grupo Supervielle SA -ADR from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Raymond James Financial Inc. began coverage on Grupo Supervielle SA -ADR in a research note on Tuesday, July 19th. They set an “outperform” rating and a $17.00 price objective for the company.
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) opened at 14.37 on Monday. The stock has a market capitalization of $5.23 billion and a P/E ratio of 40.37. The firm’s 50-day moving average price is $14.90 and its 200 day moving average price is $13.59. Grupo Supervielle SA -ADR has a 1-year low of $10.00 and a 1-year high of $16.16.
Several hedge funds have recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new stake in shares of Grupo Supervielle SA -ADR during the second quarter worth about $154,000. Acadian Asset Management LLC purchased a new position in Grupo Supervielle SA -ADR during the third quarter worth approximately $291,000. Sei Investments Co. purchased a new position in Grupo Supervielle SA -ADR during the third quarter worth approximately $511,000. Morgan Stanley increased its position in Grupo Supervielle SA -ADR by 244.3% in the third quarter. Morgan Stanley now owns 36,242 shares of the company’s stock worth $536,000 after buying an additional 25,716 shares during the period. Finally, BlackRock Investment Management LLC increased its position in Grupo Supervielle SA -ADR by 6.5% in the third quarter. BlackRock Investment Management LLC now owns 45,971 shares of the company’s stock worth $681,000 after buying an additional 2,800 shares during the period.
About Grupo Supervielle SA -ADR
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.
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