Super Group (SGHC) (NYSE:SGHC) COO Sells $29,255.76 in Stock

Super Group (SGHC) Limited (NYSE:SGHC) COO Kirsty Ross sold 2,724 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $10.74, for a total transaction of $29,255.76. Following the completion of the transaction, the chief operating officer directly owned 51,316 shares in the company, valued at approximately $551,133.84. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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.

Kirsty Farrah Ross also recently made the following trade(s):

• On Friday, August 28th, Kirsty Ross sold 40,000 shares of Super Group (SGHC) stock. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00.

Super Group (SGHC) Stock Down 1.9%

Shares of SGHC opened at $11.34 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The firm has a market cap of $5.74 billion, a P/E ratio of 13.95 and a beta of 1.09. The stock’s 50 day moving average is $12.01 and its two-hundred day moving average is $12.17.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. The company had revenue of $611.00 million for the quarter, compared to the consensus estimate of $623.50 million. Analysts predict that Super Group will post 0.92 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 24.69%.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in Super Group (SGHC) by 5.8% during the third quarter. Russell Investments Group Ltd. now owns 718,891 shares of the company’s stock valued at $8,159,000 after acquiring an additional 39,616 shares in the last quarter. Jacobi Capital Management LLC bought a new position in Super Group (SGHC) in the third quarter worth about $41,000. Allspring Global Investments Holdings LLC raised its stake in shares of Super Group (SGHC) by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 124,015 shares of the company’s stock worth $1,409,000 after buying an additional 4,920 shares during the period. Point Nemo Capital LLC raised its stake in Super Group (SGHC) by 2.0% in the 3rd quarter. Point Nemo Capital LLC now owns 117,367 shares of the company’s stock worth $1,332,000 after acquiring an additional 2,353 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Super Group (SGHC) by 840.3% during the 3rd quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock valued at $61,000 after buying an additional 4,840 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SGHC. Needham & Company LLC upped their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BTIG Research cut their price objective on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday. Benchmark raised their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citizens Jmp reissued a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a report on Monday, August 31st. Finally, Barclays initiated coverage on Super Group (SGHC) in a report on Friday, October 23rd. They issued an “equal weight” rating and a $13.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

About Super Group (SGHC)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.