Traders Purchase High Volume of Super Group (SGHC) Call Options (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) was the target of some unusual options trading on Monday. Stock investors purchased 16,055 call options on the stock. This is an increase of approximately 64% compared to the average daily volume of 9,810 call options.

Insider Transactions at Super Group (SGHC)

In related news, COO Kirsty Farrah Ross sold 25,356 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the sale, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at $351,000. This trade represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) 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 disclosure for this sale is available in the SEC filing. Insiders sold 104,201 shares of company stock worth $1,409,805 in the last 90 days. Company insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Several large investors have recently made changes to their positions in SGHC. CIBC Private Wealth Group LLC acquired a new stake in Super Group (SGHC) during the 4th quarter worth $28,000. SBI Securities Co. Ltd. boosted its position in Super Group (SGHC) by 119.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after acquiring an additional 3,244 shares during the last quarter. Independent Financial Group LLC acquired a new position in Super Group (SGHC) during the first quarter worth about $114,000. Wealthspire Advisors LLC purchased a new stake in Super Group (SGHC) during the 4th quarter valued at about $120,000. Finally, Teza Capital Management LLC purchased a new stake in Super Group (SGHC) during the 2nd quarter valued at about $121,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Price Performance

Shares of SGHC stock traded up $0.96 on Monday, reaching $15.69. 2,981,867 shares of the company were exchanged, compared to its average volume of 3,140,334. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 32.43 and a beta of 1.06. The business has a 50-day moving average price of $13.69 and a 200 day moving average price of $11.73. 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 1 year low of $8.46 and a 1 year high of $15.73.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly 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. Equities research analysts forecast that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio (DPR) is 41.67%.

Analyst Upgrades and Downgrades

SGHC has been the subject of several recent research reports. Benchmark lifted their target price on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 10th. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research cut shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Seven investment 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, Super Group (SGHC) presently has an average rating of “Moderate Buy” and an average target price of $18.43.

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.