Insider Selling: Super Group (SGHC) (NYSE:SGHC) CFO Sells 78,837 Shares of Stock

Super Group (SGHC) Limited (NYSE:SGHC) CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wyk Alinda Van also recently made the following trade(s):

• On Wednesday, April 8th, Wyk Alinda Van sold 51,104 shares of Super Group (SGHC) stock. The stock was sold at an average price of $10.71, for a total value of $547,323.84.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $13.50 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $11.80 and its 200-day moving average price is $11.16. Super Group has a 52 week low of $8.12 and a 52 week high of $14.38. The stock has a market cap of $6.83 billion, a P/E ratio of 27.94 and a beta of 1.11.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Saturday, April 18th. The company reported $0.13 EPS for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The firm had revenue of $578.00 million for the quarter. Equities research analysts anticipate that Super Group will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SGHC shares. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, May 20th. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.57.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in Super Group (SGHC) by 3.0% in the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock valued at $70,832,000 after acquiring an additional 156,351 shares in the last quarter. Invesco Ltd. lifted its holdings 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 buying an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 purchasing an additional 202,144 shares in the last quarter. Millennium Management LLC increased its stake in shares of 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 purchasing an additional 1,532,666 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Super Group (SGHC) in the 4th quarter worth $23,791,000. 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.