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Wall Street Zen lowered shares of Super Group (SGHC) (NYSE:SGHC – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
SGHC has been the subject of a number of other research reports. Benchmark boosted their price target on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Needham & Company LLC increased their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings downgraded Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Finally, BTIG Research upped their target price on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
Get Our Latest Research Report on Super Group (SGHC)
Super Group (SGHC) Stock Down 1.9%
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. Sell-side analysts forecast that Super Group will post 0.80 earnings per share for the current fiscal year.
Super Group (SGHC) Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)’s payout ratio is 27.78%.
Insider Buying and Selling at Super Group (SGHC)
In other news, COO Kirsty Ross sold 54,551 shares of Super Group (SGHC) 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 in the company, valued at approximately $1,233,006.17. The trade was a 38.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Van sold 22,644 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 $316,336.68. Following the completion of the sale, the chief financial officer directly owned 27,566 shares in the company, valued at approximately $385,097.02. The trade was a 45.10% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 188,935 shares of company stock worth $2,636,428. Corporate insiders own 10.41% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Super Group (SGHC) during the 2nd quarter worth approximately $674,000. Globeflex Capital L P bought a new stake in Super Group (SGHC) in the second quarter valued at $1,265,000. Baron Wealth Management LLC bought a new stake in Super Group (SGHC) in the second quarter valued at $158,000. Prospect Capital Advisors LLC raised 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 worth $11,255,000 after acquiring an additional 313,100 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Super Group (SGHC) during the first quarter worth $2,662,000. Institutional investors and hedge funds own 5.09% of the company’s stock.
Super Group (SGHC) Company Profile
Super Group (SGHC) Limited is a global online sports betting and gaming company. Its principal brands include Betway, an online sportsbook and casino operator, and Spin, an online casino and gaming platform. Through these brands, the company offers sports wagering, casino games, live dealer products, poker and related digital entertainment services, subject to local regulations.
Super Group serves customers across multiple international markets, with operations and licenses spanning regions including Europe, Africa, the Americas and other parts of the world.
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