Zweig DiMenna Associates LLC Cuts Stock Position in Super Group (SGHC) Limited $SGHC

Zweig DiMenna Associates LLC lessened its stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 78.3% during the 4th quarter, Holdings Channel reports. The firm owned 135,000 shares of the company’s stock after selling 487,500 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in Super Group (SGHC) were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Hillsdale Investment Management Inc. grew its position in Super Group (SGHC) by 1.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 650,030 shares of the company’s stock worth $7,768,000 after purchasing an additional 11,300 shares during the last quarter. Intech Investment Management LLC grew its position in Super Group (SGHC) by 4.2% during the 4th quarter. Intech Investment Management LLC now owns 84,061 shares of the company’s stock worth $1,005,000 after purchasing an additional 3,385 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Super Group (SGHC) by 7,056.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,594 shares of the company’s stock worth $139,000 after purchasing an additional 11,432 shares during the last quarter. ProShare Advisors LLC grew its position in Super Group (SGHC) by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock worth $348,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in Super Group (SGHC) by 11.7% during the 4th quarter. Gabelli Funds LLC now owns 67,000 shares of the company’s stock worth $801,000 after purchasing an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Down 2.5%

SGHC stock opened at $12.44 on Friday. The firm’s fifty day simple moving average is $11.97 and its 200-day simple moving average is $11.19. The company has a market capitalization of $6.30 billion, a P/E ratio of 25.76 and a beta of 1.11. 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 has a 12 month low of $8.46 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Saturday, April 18th. The company reported $0.13 EPS for the quarter. The business had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. As a group, equities research analysts forecast that Super Group will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Super Group (SGHC)

In other news, General Counsel Martine Nathan sold 4,761 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 $50,990.31. Following the sale, the general counsel directly owned 30,172 shares of the company’s stock, valued at $323,142.12. This represents a 13.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kirsty Farrah Ross sold 47,391 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 transaction of $507,557.61. Following the completion of the sale, the insider directly owned 96,984 shares in the company, valued at $1,038,698.64. This trade represents a 32.82% decrease in their ownership of the stock. 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. Insiders sold 260,623 shares of company stock valued at $3,026,995 over the last quarter. Insiders own 10.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SGHC shares. Benchmark boosted their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Finally, Citizens Jmp boosted their target price on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.57.

Super Group (SGHC) 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.