Grupo Supervielle SA -ADR (SUPV) Position Boosted by Acadian Asset Management LLC
Acadian Asset Management LLC boosted its stake in Grupo Supervielle SA -ADR (NASDAQ:SUPV) by 6.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 180,053 shares of the company’s stock after buying an additional 11,254 shares during the period. Acadian Asset Management LLC’s holdings in Grupo Supervielle SA -ADR were worth $3,061,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Ellington Management Group LLC purchased a new stake in shares of Grupo Supervielle SA -ADR during the fourth quarter valued at $155,000. Blackstone Group L.P. bought a new stake in Grupo Supervielle SA -ADR during the third quarter valued at approximately $293,000. Dynamic Technology Lab Private Ltd bought a new stake in Grupo Supervielle SA -ADR during the fourth quarter valued at approximately $307,000. Sei Investments Co. bought a new stake in Grupo Supervielle SA -ADR during the third quarter valued at approximately $511,000. Finally, Investec Asset Management LTD bought a new stake in Grupo Supervielle SA -ADR during the fourth quarter valued at approximately $729,000.
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) traded up 0.90% during trading on Friday, reaching $16.82. 21,993 shares of the company traded hands. The company has a 50 day moving average price of $17.01 and a 200 day moving average price of $15.13. Grupo Supervielle SA -ADR has a 12-month low of $10.00 and a 12-month high of $17.86. The firm has a market capitalization of $6.12 billion and a price-to-earnings ratio of 59.86.
The business also recently declared an annual dividend, which will be paid on Friday, June 2nd. Investors of record on Monday, May 22nd will be issued a $0.058 dividend. The ex-dividend date is Thursday, May 18th.
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Separately, Zacks Investment Research lowered shares of Grupo Supervielle SA -ADR from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th.
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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