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Quantinno Capital Management LP increased its stake in Super Group (SGHC) Limited (NYSE:SGHC – Free Report) by 579.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,764 shares of the company’s stock after acquiring an additional 95,311 shares during the period. Quantinno Capital Management LP’s holdings in Super Group (SGHC) were worth $1,207,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in SGHC. CIBC Private Wealth Group LLC bought a new stake in Super Group (SGHC) during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its stake in Super Group (SGHC) by 119.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock valued at $71,000 after purchasing an additional 3,244 shares in the last quarter. Independent Financial Group LLC bought a new position in Super Group (SGHC) during the 1st quarter valued at $114,000. Wealthspire Advisors LLC acquired a new position in shares of Super Group (SGHC) during the 4th quarter valued at $120,000. Finally, Teza Capital Management LLC acquired a new position in shares of Super Group (SGHC) during the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 5.09% of the company’s stock.
Super Group (SGHC) Price Performance
Shares of NYSE:SGHC opened at $13.30 on Friday. Super Group has a one year low of $8.46 and a one year high of $15.86. The stock has a fifty day moving average of $14.01 and a 200-day moving average of $12.19. The company has a market capitalization of $6.73 billion, a PE ratio of 18.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83.
Super Group (SGHC) Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio (DPR) is 27.78%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on SGHC shares. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Needham & Company LLC lifted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, BTIG Research raised their price objective on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Super Group (SGHC) presently has an average rating of “Moderate Buy” and a consensus target price of $18.71.
View Our Latest Report on SGHC
Insider Activity at Super Group (SGHC)
In other Super Group (SGHC) news, CFO Wyk Alinda Van sold 78,837 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total transaction of $1,080,066.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kirsty Farrah Ross sold 54,551 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $762,077.47. Following the sale, the chief operating officer directly owned 88,261 shares of the company’s stock, valued at $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 229,836 shares of company stock worth $3,164,926 in the last quarter. 10.41% of the stock is owned by company insiders.
Super Group (SGHC) 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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