Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report) COO Kirsty Ross sold 2,724 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $10.74, for a total transaction of $29,255.76. Following the completion of the sale, the chief operating officer owned 51,316 shares of the company’s stock, valued at approximately $551,133.84. This represents a 5.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kirsty Farrah Ross also recently made the following trade(s):
- On Friday, August 28th, Kirsty Ross sold 40,000 shares of Super Group (SGHC) stock. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00.
Super Group (SGHC) Price Performance
NYSE SGHC opened at $11.45 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. The firm’s 50 day moving average price is $12.11 and its 200-day moving average price is $12.15. Super Group has a 52-week low of $8.46 and a 52-week high of $15.86. The company has a market cap of $5.79 billion, a PE ratio of 14.08 and a beta of 1.09.
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. The company had revenue of $611.00 million for the quarter, compared to analyst estimates of $623.50 million. Super Group (SGHC) had a net margin of 16.74% and a return on equity of 52.59%. Sell-side analysts forecast that Super Group will post 0.80 EPS for the current fiscal year.
Super Group (SGHC) Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio (DPR) is 27.78%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Super Group (SGHC) by 12.2% in the first 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 last quarter. Bleakley Financial Group LLC increased its position in shares of Super Group (SGHC) by 8.0% during the first quarter. Bleakley Financial Group LLC now owns 27,424 shares of the company’s stock worth $296,000 after purchasing an additional 2,024 shares in the last quarter. Point Nemo Capital LLC increased its position in shares of Super Group (SGHC) by 2.0% during the third quarter. Point Nemo Capital LLC now owns 117,367 shares of the company’s stock worth $1,332,000 after purchasing an additional 2,353 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Super Group (SGHC) by 840.3% during the third quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock worth $61,000 after purchasing an additional 4,840 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Super Group (SGHC) by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 124,015 shares of the company’s stock worth $1,409,000 after purchasing an additional 4,920 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.
Key Super Group (SGHC) News
Here are the key news stories impacting Super Group (SGHC) this week:
- Positive Sentiment: Third-quarter earnings were $0.28 per share, above the roughly $0.19 consensus estimate and up from $0.19 a year earlier. The company also reported revenue growth of about 10% year over year. Super Group Q3 financial results
- Positive Sentiment: Super Group announced a $150 million share buyback, which may support shareholder returns and signal management’s confidence in the business. Share buyback announcement
- Neutral Sentiment: BTIG lowered its price target from $19 to $16 but maintained a Buy rating, leaving the analyst positive while reflecting a more cautious valuation outlook. BTIG analyst rating
- Neutral Sentiment: COO Kirsty Ross sold 2,724 shares to cover tax withholding on vested equity awards; the stated reason makes this less clearly a bearish signal. SEC Form 4 filing
- Negative Sentiment: Revenue of $611 million came in below the approximately $623.5 million consensus estimate. Reports also said sports results prompted a guidance revision, tempering the earnings beat and adding uncertainty about near-term performance. Revenue and guidance report
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on SGHC. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Wall Street Zen cut Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. BTIG Research decreased their price objective on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Needham & Company LLC 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 Thursday, August 6th. Finally, Barclays initiated coverage on Super Group (SGHC) in a research note on Friday, October 23rd. They issued an “equal weight” rating and a $13.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.
Get Our Latest Analysis on SGHC
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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