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Wall Street Zen upgraded shares of Super Group (SGHC) (NYSE:SGHC – Free Report) from a hold rating to a buy rating in a research note published on Saturday.
Several other brokerages have also weighed in on SGHC. Benchmark lifted their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, BTIG Research reaffirmed a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.
Read Our Latest Analysis on SGHC
Super Group (SGHC) Trading Down 0.7%
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last announced its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The company had revenue of $578.00 million during the quarter. As a group, research analysts forecast that Super Group will post 0.8 EPS for the current year.
Super Group (SGHC) Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.05 per share. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio is 41.67%.
Insiders Place Their Bets
In related news, CFO Wyk Alinda Van sold 51,104 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 78,837 shares in the company, valued at $844,344.27. The trade was a 39.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 business’s stock in a transaction that occurred 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 of the company’s stock, valued at $323,142.12. The trade was a 13.63% 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 181,786 shares of company stock worth $1,946,928. Insiders own 10.41% of the company’s stock.
Institutional Trading of Super Group (SGHC)
A number of hedge funds have recently bought and sold shares of SGHC. Invesco Ltd. lifted its position in Super Group (SGHC) by 324.3% in the 4th 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after buying an additional 2,193,989 shares during the last quarter. Norges Bank bought a new stake in Super Group (SGHC) in the 4th quarter worth approximately $23,791,000. Millennium Management LLC lifted its position in Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Super Group (SGHC) by 74.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after buying an additional 818,455 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.
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.
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