Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report) saw unusually large options trading activity on Wednesday. Investors bought 11,092 call options on the stock. This represents an increase of 142% compared to the average daily volume of 4,575 call options.
Super Group (SGHC) Stock Performance
NYSE SGHC traded down $0.03 during trading on Wednesday, reaching $11.13. The company’s stock had a trading volume of 1,470,869 shares, compared to its average volume of 2,917,098. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 15.39 and a beta of 1.10. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The firm has a 50 day moving average price of $12.64 and a 200 day moving average price of $13.03.
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The firm had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. As a group, equities analysts anticipate that Super Group will post 0.80 EPS for the current fiscal year.
Super Group (SGHC) Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were given a $0.05 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.20 annualized dividend and a yield of 1.8%. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 27.78%.
Analyst Ratings Changes
Several equities analysts have issued reports on SGHC shares. Benchmark lifted their price objective on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citizens Jmp restated a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a report on Monday, August 31st. Wall Street Zen downgraded shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Needham & Company LLC lifted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Super Group (SGHC) currently has an average rating of “Moderate Buy” and an average price target of $19.00.
Read Our Latest Stock Report on Super Group (SGHC)
Insider Activity
In related news, COO Kirsty Ross sold 40,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the transaction, the chief operating officer directly owned 48,261 shares in the company, valued at approximately $675,654. This trade represents a 45.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Neal Menashe sold 48,440 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the sale, the chief executive officer owned 730,733 shares in the company, valued at $10,208,340.01. This represents a 6.22% 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 188,935 shares of company stock valued at $2,636,428 in the last 90 days. Company insiders own 10.41% of the company’s stock.
Hedge Funds Weigh In On Super Group (SGHC)
Several institutional investors and hedge funds have recently added to or reduced their stakes in SGHC. Independent Financial Group LLC acquired a new stake in Super Group (SGHC) in the first quarter valued at $114,000. Baron Wealth Management LLC acquired a new stake in Super Group (SGHC) during the 2nd quarter valued at approximately $158,000. PNC Financial Services Group Inc. lifted its position in shares of Super Group (SGHC) by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock worth $141,000 after purchasing an additional 1,418 shares during the period. Baer Investment Advisory LLC bought a new stake in shares of Super Group (SGHC) in the 1st quarter valued at $233,000. Finally, GM Advisory Group LLC bought a new stake in Super Group (SGHC) during the first quarter valued at $271,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.
Super Group (SGHC) Company Profile
Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.
The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.
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