Super Group (SGHC) (NYSE:SGHC) Announces Earnings Results

Super Group (SGHC) (NYSE:SGHC) issued its quarterly earnings results on Monday. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. The business had revenue of $612.00 million for the quarter, compared to analysts’ expectations of $566.06 million. Super Group (SGHC) had a net margin of 9.77% and a return on equity of 40.15%.

Super Group (SGHC) Stock Up 1.7%

Shares of SGHC traded up $0.23 on Tuesday, reaching $13.41. The company’s stock had a trading volume of 5,556,517 shares, compared to its average volume of 2,939,429. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. Super Group has a twelve month low of $8.12 and a twelve month high of $14.38. The stock has a market capitalization of $6.78 billion, a PE ratio of 31.02 and a beta of 1.11. The firm has a fifty day moving average of $11.30 and a 200-day moving average of $11.02.

Super Group (SGHC) Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.05 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 46.51%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SGHC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Benchmark upped their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen lowered shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. BTIG Research reiterated a “buy” rating and set a $16.00 price objective on shares of Super Group (SGHC) in a report on Thursday, April 16th. Finally, Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.75.

Insider Activity

In other news, CEO Neal Menashe sold 78,530 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $841,056.30. Following the completion of the transaction, the chief executive officer directly owned 676,334 shares of the company’s stock, valued at $7,243,537.14. This represents a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $50,990.31. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 181,786 shares of company stock valued at $1,946,928. 10.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its position in shares of Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after acquiring an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Super Group (SGHC) by 4.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock worth $55,444,000 after buying an additional 202,144 shares during the period. Millennium Management LLC boosted its holdings in Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares during the period. Vanguard Group Inc. boosted its holdings in Super Group (SGHC) by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock worth $26,255,000 after buying an additional 152,362 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Super Group (SGHC) by 74.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after buying an additional 818,455 shares during the period. 5.09% of the stock is owned by institutional investors.

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.