Super Group (SGHC) Sees Unusually High Options Volume (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) saw some unusual options trading on Wednesday. Traders purchased 8,791 call options on the stock. This is an increase of approximately 98% compared to the average volume of 4,440 call options.

Super Group (SGHC) Stock Up 3.3%

NYSE:SGHC traded up $0.37 during trading hours on Wednesday, hitting $11.31. 2,086,357 shares of the stock traded hands, compared to its average volume of 2,655,673. The firm has a 50 day moving average price of $10.29 and a 200 day moving average price of $11.12. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a fifty-two week low of $7.15 and a fifty-two week high of $14.38. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 26.29 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.05 per share. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.20 annualized dividend and a yield of 1.8%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 46.51%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Benchmark boosted their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, BTIG Research cut their target price on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.75.

Insider Buying and Selling

In other Super Group (SGHC) news, insider Kirsty Farrah Ross sold 47,391 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $507,557.61. Following the transaction, the insider owned 96,984 shares of the company’s stock, valued at approximately $1,038,698.64. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 78,530 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $841,056.30. Following the completion of the transaction, the chief executive officer directly owned 676,334 shares in the company, valued at $7,243,537.14. This represents a 10.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 181,786 shares of company stock worth $1,946,928 over the last three months. Corporate insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in SGHC. CIBC Private Wealth Group LLC purchased a new position in shares of Super Group (SGHC) during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. grew its holdings in shares of Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after acquiring an additional 2,716 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in shares of Super Group (SGHC) during the 4th quarter valued at $120,000. Pacer Advisors Inc. grew its holdings in shares of Super Group (SGHC) by 78.9% during the 3rd quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock valued at $137,000 after acquiring an additional 4,567 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Super Group (SGHC) during the 4th quarter valued at $126,000. 5.09% of the stock is owned by institutional investors and hedge funds.

About Super Group (SGHC)

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.