Short interest in Grupo Financiero Galicia S.A. (NASDAQ: GGAL) expands to 100.0%

Grupo Financiero Galicia SA (NASDAQ: GGAL – Get Rating) was targeting a significant increase in low interest during the month of July. As of 15 July, a total of 2,140,000 shares had short interest, a 100.0% increase from the total 100,000 shares as of 30 June. Based on the average daily volume of 621,600 shares, the short-interest ratio is currently 3.4 days.

Grupo Financiero Galicia Price Display

GGAL shares traded at $0.40 during mid-day trading on Friday, reaching $7.79. 83,646 shares of the company’s stock were exchanged, while its average volume was 601,800. The firm has a fifty-day moving average of $7.54 and a two-hundred-day moving average of $8.91. Grupo Financiero Galicia has a twelve-month low of $5.75 and a twelve-month high of $12.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

Grupo Financiero Galicia Raises Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 13. A dividend of $0.3602 per share was issued to investors of record on Friday, January 1. This is an increase from Grupo Financiero Galicia’s previous annual dividend of $0.30. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 13.

Analysts set new price targets

GGAL has been the subject of several recent research reports. StockNews.com downgraded the shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Grupo Santander upgraded shares of Grupo Financiero Galicia from a “Hold” rating to an “Outperform” rating and set a $21.30 price target on the stock in a report on Monday, June 13.

Read |  Voltas Share Price: Voltas down 0.79% as Nifty gains

Institutional Trading of Grupo Financiero Galicia

advertising investment daily

27 US cities where stocks yield 26% annually

Which is the highest yielding stock you have ever owned? The dividends on these stocks have grown so fast over the years that they are now paying us an average of 26%! When you start paying 26% on your money, your financial problems are largely gone.

Several large investors have recently changed their holdings in GGAL. INCA Investments LLC increased its stake in Grupo Financiero Galicia shares by 33.8% during the first quarter. After purchasing an additional 779,545 shares during this period, INCA Investments LLC now owns 3,086,245 shares of the bank’s stock worth $33,331,000. Marshall Weiss LLP increased its stake in Grupo Financiero Galicia to 63.2% in the fourth quarter. Marshall Weiss LLP now holds 1,417,491 shares of the bank’s stock worth $13,451,000 after purchasing an additional 548,798 shares during the period. Discovery Capital Management LLC CT increased its stake in Grupo Financiero Galicia to 81.8% in the fourth quarter. After purchasing an additional 544,390 shares during the period, Discovery Capital Management LLC CT now holds 1,209,575 shares of the bank’s stock worth $11,479,000. Verition Fund Management LLC purchased a new stake in Grupo Financiero Galicia worth $4,323,000 in the first quarter. Finally, Long Focus Capital Management LLC purchased a new stake in Grupo Financiero Galicia worth $3,369,000 in the fourth quarter. Institutional investors hold 8.33% of the stock.

About Grupo Financiero Galicia (Get Rating)

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance and other business segments. The Company’s products and services include savings, current and checking accounts; personal loan; express and mortgage loans; Pledge and credit card debt; credit and debit cards; and online banking services.

Read |  NeoGenomics, Inc. (NASDAQ:NEO) given the average recommendation of a "moderate buy" by the brokerage

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by Marketbeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should You Invest $1,000 in Grupo Financiero Galicia Now?

Before you consider Grupo Financiero Galicia, you might want to hear this.

MarketBeat tracks Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy before the broader market catches on… and Grupo Financiero Galicia was not on the list.

Although Grupo Financiero Galicia currently has a “hold” rating among analysts, top-rated analysts believe these five stocks to be better buys.

View 5 stocks here

Source link