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Findell Capital Management LLC increased its stake in Super Group (SGHC) Limited (NYSE:SGHC – Free Report) by 40.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 940,000 shares of the company’s stock after purchasing an additional 269,901 shares during the quarter. Super Group (SGHC) comprises 3.2% of Findell Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Findell Capital Management LLC’s holdings in Super Group (SGHC) were worth $11,233,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SGHC. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 valued at $58,575,000 after acquiring an additional 2,193,989 shares in the last quarter. Norges Bank bought a new stake in shares of Super Group (SGHC) in the 4th quarter valued at $23,791,000. Millennium Management LLC increased its stake in shares of Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 valued at $22,946,000 after acquiring an additional 818,455 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Super Group (SGHC) by 1,090.1% in the 4th quarter. JPMorgan Chase & Co. now owns 798,148 shares of the company’s stock valued at $9,538,000 after acquiring an additional 731,081 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.
Super Group (SGHC) Stock Performance
NYSE SGHC opened at $13.47 on Thursday. The company has a fifty day simple moving average of $12.65 and a 200 day simple moving average of $11.31. Super Group has a 12-month low of $8.46 and a 12-month high of $14.38. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. The company has a market cap of $6.81 billion, a P/E ratio of 27.89 and a beta of 1.08.
Super Group (SGHC) Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.20 annualized dividend and a yield of 1.5%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 41.67%.
Analyst Upgrades and Downgrades
SGHC has been the subject of several research analyst reports. Benchmark lifted their price objective 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. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citizens Jmp lifted their price objective on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. 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, April 16th. Finally, Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.57.
Read Our Latest Stock Analysis on Super Group (SGHC)
Insider Buying and Selling at Super Group (SGHC)
In other Super Group (SGHC) news, CEO Neal Menashe sold 78,530 shares of Super Group (SGHC) stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $841,056.30. Following the transaction, the chief executive officer directly owned 676,334 shares of the company’s stock, valued at $7,243,537.14. The trade was a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the transaction, the chief operating officer directly owned 27,000 shares in the company, valued at $351,000. This represents a 48.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 285,979 shares of company stock worth $3,356,623. 10.41% of the stock is owned by company insiders.
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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