Super Group (SGHC) Limited (NYSE:SGHC) Given Average Rating of “Moderate Buy” by Brokerages

Super Group (SGHC) Limited (NYSE:SGHC) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.5714.

A number of research firms recently weighed in on SGHC. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. BTIG Research restated a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Citizens Jmp upped their target price on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Super Group (SGHC) Stock Down 0.9%

SGHC stock opened at $13.33 on Thursday. The company’s 50 day moving average price is $12.94 and its 200 day moving average price is $11.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $14.38. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 27.60 and a beta of 1.08.

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

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is currently 41.67%.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 completion of the transaction, the general counsel owned 30,172 shares in the company, valued at $323,142.12. This represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 285,979 shares of company stock valued at $3,356,623. Company insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds have recently added to or reduced their stakes in SGHC. AQR Capital Management LLC grew its position in shares of Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after acquiring an additional 117,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Super Group (SGHC) by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after acquiring an additional 3,783 shares during the last quarter. Millennium Management LLC grew its position in shares of Super Group (SGHC) by 127.2% during 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. Jane Street Group LLC purchased a new position in shares of Super Group (SGHC) during the first quarter worth approximately $1,523,000. Finally, JPMorgan Chase & Co. grew its position in shares of Super Group (SGHC) by 30.4% during the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after acquiring an additional 168,622 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Company Profile

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.