Super Group (SGHC)’s (SGHC) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of Super Group (SGHC) (NYSE:SGHC) in a research report released on Thursday,Weiss Ratings reports.

A number of other research analysts have also weighed in on SGHC. Canaccord Genuity Group raised their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 19th. UBS Group set a $18.00 price objective on Super Group (SGHC) in a research report on Thursday, September 18th. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Super Group (SGHC) in a report on Monday, October 13th. BTIG Research reaffirmed a “buy” rating and issued a $14.00 price target on shares of Super Group (SGHC) in a report on Thursday, September 18th. Finally, JMP Securities increased their price target on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $15.40.

Super Group (SGHC) Price Performance

NYSE SGHC opened at $10.80 on Thursday. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 41.52 and a beta of 1.11. Super Group has a 1-year low of $4.01 and a 1-year high of $14.38. The business’s fifty day moving average price is $12.55 and its 200-day moving average price is $10.79.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The company had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $503.00 million. Equities research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 18th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.5%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 61.54%.

Institutional Trading of Super Group (SGHC)

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC bought a new stake in Super Group (SGHC) in the third quarter worth about $144,000. Huntleigh Advisors Inc. bought a new stake in Super Group (SGHC) in the third quarter worth about $1,089,000. State of Alaska Department of Revenue bought a new stake in Super Group (SGHC) in the third quarter worth about $380,000. Calamos Advisors LLC lifted its stake in Super Group (SGHC) by 12.5% in the third quarter. Calamos Advisors LLC now owns 326,927 shares of the company’s stock worth $4,315,000 after purchasing an additional 36,303 shares during the last quarter. Finally, Abacus FCF Advisors LLC bought a new stake in Super Group (SGHC) in the third quarter worth about $4,869,000. Institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

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.