Short Interest in Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Drops By 79.3%

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 60,200 shares, a drop of 79.3% from the October 15th total of 290,900 shares. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is presently 1.8 days.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Simplicity Wealth LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the second quarter valued at approximately $30,000. Inspire Advisors LLC boosted its holdings in Grupo Aval Acciones y Valores by 11.2% during the first quarter. Inspire Advisors LLC now owns 67,058 shares of the bank’s stock worth $155,000 after buying an additional 6,776 shares in the last quarter. Finally, Stokes Family Office LLC boosted its holdings in Grupo Aval Acciones y Valores by 64.5% during the second quarter. Stokes Family Office LLC now owns 51,000 shares of the bank’s stock worth $111,000 after buying an additional 20,000 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

Grupo Aval Acciones y Valores Price Performance

NYSE:AVAL remained flat at $2.01 during mid-day trading on Tuesday. 43,496 shares of the company were exchanged, compared to its average volume of 60,497. Grupo Aval Acciones y Valores has a 1 year low of $1.94 and a 1 year high of $2.70. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 22.33 and a beta of 0.98. The firm’s fifty day moving average price is $2.03 and its 200 day moving average price is $2.16.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $953.94 million for the quarter, compared to analysts’ expectations of $994.03 million. Grupo Aval Acciones y Valores had a return on equity of 1.46% and a net margin of 1.30%. On average, equities research analysts forecast that Grupo Aval Acciones y Valores will post 0.2 earnings per share for the current year.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 28th will be given a dividend of $0.0095 per share. The ex-dividend date is Friday, February 28th. This represents a $0.11 dividend on an annualized basis and a yield of 5.69%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is 100.00%.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, time deposits, and other deposits. The company also provides commercial loans comprising general purpose loans, working capital loans, leases, loans funded by development banks, corporate credit cards, and overdraft loans; consumer loans, such as payroll loans, personal loans, automobile and other vehicle loans, credit cards, overdrafts, leases, and general purpose loans; and microcredit and mortgage loans.