Super Group (SGHC) Limited $SGHC Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 40.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,676 shares of the company’s stock after selling 54,127 shares during the period. Intech Investment Management LLC’s holdings in Super Group (SGHC) were worth $1,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Super Group (SGHC) by 120.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company’s stock valued at $24,612,000 after purchasing an additional 1,224,942 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Super Group (SGHC) by 58.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock worth $19,902,000 after purchasing an additional 667,571 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in shares of Super Group (SGHC) during the 3rd quarter worth approximately $8,217,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Super Group (SGHC) by 68,636.4% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 604,880 shares of the company’s stock worth $6,636,000 after purchasing an additional 604,000 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Zacks Research upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Benchmark raised their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. BTIG Research reduced their price target on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Finally, Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $16.75.

Super Group (SGHC) Stock Performance

SGHC opened at $10.65 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $10.16 and its 200-day moving average is $11.45. The stock has a market cap of $5.36 billion, a PE ratio of 24.76 and a beta of 1.05. Super Group has a twelve month low of $5.59 and a twelve month high of $14.38.

Super Group (SGHC) Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 37.21%.

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.