Super Group (SGHC) (NYSE:SGHC) CFO Sells $316,336.68 in Stock

Super Group (SGHC) Limited (NYSE:SGHCGet Free Report) CFO Wyk Alinda Van sold 22,644 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $316,336.68. Following the sale, the chief financial officer directly owned 27,566 shares of the company’s stock, valued at $385,097.02. This trade represents a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wyk Alinda Van also recently made the following trade(s):

  • On Tuesday, May 19th, Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) stock. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90.

Super Group (SGHC) Stock Down 1.8%

NYSE:SGHC traded down $0.26 during mid-day trading on Monday, reaching $13.74. The stock had a trading volume of 2,844,807 shares, compared to its average volume of 2,500,574. The business’s 50 day moving average is $13.96 and its 200 day moving average is $12.00. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The stock has a market cap of $6.95 billion, a P/E ratio of 28.46 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61.

Super Group (SGHC) (NYSE:SGHCGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $612.00 million for the quarter, compared to analyst estimates of $584.75 million. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. As a group, sell-side analysts predict that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 41.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Baron Wealth Management LLC bought a new stake in Super Group (SGHC) during the second quarter valued at about $158,000. Prospect Capital Advisors LLC increased its stake in shares of Super Group (SGHC) by 42.9% in the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after purchasing an additional 313,100 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Super Group (SGHC) during the 1st quarter worth about $2,662,000. Bank of America Corp DE boosted its stake in Super Group (SGHC) by 172.5% during the 1st quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock valued at $12,508,000 after purchasing an additional 733,073 shares during the period. Finally, Anson Funds Management LP grew its holdings in Super Group (SGHC) by 108.3% in the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after buying an additional 276,214 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SGHC shares. BTIG Research raised their target price on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. Benchmark increased their price objective on Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.43.

Get Our Latest Stock Report on Super Group (SGHC)

Super Group (SGHC) Company Profile

(Get Free Report)

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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