Super Group (SGHC) (NYSE:SGHC) Releases Quarterly Earnings Results

Super Group (SGHC) (NYSE:SGHC) released its earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $578.00 million during the quarter. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.

Super Group (SGHC) Trading Up 2.4%

Shares of SGHC stock opened at $11.23 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. Super Group has a 52-week low of $7.32 and a 52-week high of $14.38. The company has a market capitalization of $5.65 billion, a PE ratio of 26.11 and a beta of 1.05. The business’s fifty day moving average is $10.42 and its 200 day moving average is $11.09.

Super Group (SGHC) Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. Super Group (SGHC)’s dividend payout ratio (DPR) is 46.51%.

Insiders Place Their Bets

In related news, CFO Wyk Alinda Van sold 51,104 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $547,323.84. Following the sale, the chief financial officer owned 78,837 shares in the company, valued at approximately $844,344.27. This trade represents a 39.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the completion of the sale, the general counsel owned 30,172 shares in the company, valued at $323,142.12. This trade represents a 13.63% 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. Over the last ninety days, insiders have sold 181,786 shares of company stock worth $1,946,928. 10.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Group (SGHC)

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of Super Group (SGHC) by 324.3% in the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after buying an additional 3,570,825 shares in the last quarter. Susquehanna Portfolio Strategies LLC raised its position in shares of Super Group (SGHC) by 781.3% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 341,034 shares of the company’s stock worth $4,075,000 after buying an additional 302,336 shares in the last quarter. Prospect Capital Advisors LLC purchased a new stake in shares of Super Group (SGHC) in the fourth quarter worth $8,712,000. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 21.3% in the fourth quarter. Millennium Management LLC now owns 1,480,937 shares of the company’s stock worth $17,697,000 after buying an additional 260,272 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of Super Group (SGHC) in the fourth quarter worth $333,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Benchmark upped their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Zacks Research upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. BTIG Research reiterated a “buy” rating and issued a $16.00 price objective on shares of Super Group (SGHC) in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.75.

Super Group (SGHC) Company 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.