Harvest Fund Management Co. Ltd Purchases New Holdings in Super Group (SGHC) Limited (NYSE:SGHC)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) in the first quarter, Holdings Channel reports. The firm purchased 5,716 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also bought and sold shares of SGHC. Sei Investments Co. bought a new position in Super Group (SGHC) during the fourth quarter valued at $479,000. JPMorgan Chase & Co. grew its holdings in Super Group (SGHC) by 332.8% during the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company’s stock valued at $6,118,000 after purchasing an additional 755,044 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Super Group (SGHC) by 360.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock valued at $8,106,000 after purchasing an additional 1,018,664 shares during the period. Trexquant Investment LP bought a new position in Super Group (SGHC) during the fourth quarter valued at $456,000. Finally, Wells Fargo & Company MN grew its holdings in Super Group (SGHC) by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 70,017 shares of the company’s stock valued at $436,000 after purchasing an additional 23,865 shares during the period. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Stock Performance

Shares of SGHC stock opened at $10.67 on Friday. Super Group has a 52-week low of $2.94 and a 52-week high of $12.18. The company has a market capitalization of $5.37 billion, a PE ratio of 39.52 and a beta of 1.08. The business’s fifty day moving average is $10.33 and its 200 day moving average is $8.50.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The company had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. On average, sell-side analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)’s dividend payout ratio (DPR) is 59.26%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SGHC shares. Wall Street Zen raised Super Group (SGHC) from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 12th. Citigroup started coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued an “outperform” rating for the company. JMP Securities started coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a “market outperform” rating and a $15.00 price target for the company. BTIG Research reaffirmed a “buy” rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Finally, Citizens Jmp started coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 price target for the company. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $13.13.

Super Group (SGHC) Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.