Principal Financial Group Inc. Acquires 54,246 Shares of Super Group (SGHC) Limited $SGHC

Principal Financial Group Inc. grew its holdings in Super Group (SGHC) Limited (NYSE:SGHC) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 213,872 shares of the company’s stock after buying an additional 54,246 shares during the quarter. Principal Financial Group Inc.’s holdings in Super Group (SGHC) were worth $2,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. CIBC Private Wealth Group LLC bought a new stake in Super Group (SGHC) during the 4th quarter worth about $28,000. SBI Securities Co. Ltd. increased its position in Super Group (SGHC) by 119.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock valued at $71,000 after acquiring an additional 3,244 shares in the last quarter. Wealthspire Advisors LLC bought a new position in shares of Super Group (SGHC) in the fourth quarter worth about $120,000. Teza Capital Management LLC bought a new position in shares of Super Group (SGHC) in the second quarter worth about $121,000. Finally, Cibc World Markets Corp acquired a new position in shares of Super Group (SGHC) during the fourth quarter worth approximately $126,000. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Stock Down 5.3%

Shares of NYSE:SGHC opened at $14.11 on Friday. Super Group has a one year low of $8.46 and a one year high of $15.86. The company has a 50 day moving average of $13.94 and a 200-day moving average of $11.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 29.21 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last announced 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. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The business had revenue of $612.00 million for the quarter, compared to analyst estimates of $584.75 million. On average, sell-side analysts forecast that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio is 41.67%.

Insiders Place Their Bets

In other news, COO Kirsty Farrah Ross sold 25,356 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total value of $329,628.00. Following the transaction, the chief operating officer owned 27,000 shares of the company’s stock, valued at $351,000. This represents a 48.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 104,201 shares of company stock worth $1,409,805. 10.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SGHC has been the topic of several research analyst reports. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Benchmark boosted their price objective on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. BTIG Research increased their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, Citizens Jmp lifted their target price on Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) currently has an average rating of “Moderate Buy” and an average target price of $18.43.

About Super Group (SGHC)

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.