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Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $14.86 and last traded at $14.8350, with a volume of 2802261 shares trading hands. The stock had previously closed at $14.67.
Wall Street Analyst Weigh In
SGHC has been the topic of a number of recent research reports. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, May 20th. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citizens Jmp increased their price target on Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. BTIG Research restated a “buy” rating and issued a $16.00 price target on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Finally, Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.
Read Our Latest Stock Analysis on Super Group (SGHC)
Super Group (SGHC) Trading Up 1.1%
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last posted its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $578.00 million for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%. As a group, sell-side analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.
Super Group (SGHC) Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s payout ratio is 41.67%.
Insider Transactions at Super Group (SGHC)
In other news, CFO Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kirsty Farrah Ross sold 25,356 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total value of $329,628.00. Following the sale, the chief operating officer owned 27,000 shares in the company, valued at approximately $351,000. The trade was a 48.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,201 shares of company stock valued at $1,409,805 in the last quarter. Company insiders own 10.41% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Baron Wealth Management LLC purchased a new stake in shares of Super Group (SGHC) in the second quarter worth about $158,000. Prospect Capital Advisors LLC grew its stake in Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after acquiring an additional 313,100 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Super Group (SGHC) during the 1st quarter worth approximately $2,662,000. Bank of America Corp DE increased its holdings in Super Group (SGHC) by 172.5% during the 1st quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after acquiring an additional 733,073 shares during the period. Finally, Anson Funds Management LP lifted its stake in Super Group (SGHC) by 108.3% in the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock worth $5,737,000 after purchasing an additional 276,214 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.
Super Group (SGHC) Company Profile
Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.
The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.
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