David Alon Ben Sells 23,300 Shares of Super Group (SGHC) (NYSE:SGHC) Stock

Super Group (SGHC) Limited (NYSE:SGHC) CTO Alon Ben – David sold 23,300 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $13.79, for a total transaction of $321,307.00. Following the transaction, the chief technology officer owned 7,814 shares of the company’s stock, valued at approximately $107,755.06. This trade represents a 74.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Alon Ben also recently made the following trade(s):

• On Tuesday, June 30th, Alon Ben – David sold 8 shares of Super Group (SGHC) stock. The shares were sold at an average price of $13.74, for a total transaction of $109.92.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $13.46 on Wednesday. The company has a 50 day moving average of $13.98 and a two-hundred day moving average of $12.87. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. Super Group has a twelve month low of $8.46 and a twelve month high of $15.86. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 18.61 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%.The business had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. As a group, analysts predict that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio is currently 27.78%.

Institutional Trading of Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in the company. Independent Financial Group LLC acquired a new position in shares of Super Group (SGHC) in the first quarter valued at about $114,000. PNC Financial Services Group Inc. lifted its holdings in shares of Super Group (SGHC) by 12.2% during the first quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock worth $141,000 after purchasing an additional 1,418 shares during the period. Baron Wealth Management LLC purchased a new stake in Super Group (SGHC) in the second quarter valued at approximately $158,000. Baer Investment Advisory LLC purchased a new stake in Super Group (SGHC) in the first quarter valued at approximately $233,000. Finally, GM Advisory Group LLC acquired a new position in Super Group (SGHC) in the 1st quarter worth approximately $271,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on SGHC shares. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Benchmark increased their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Super Group (SGHC) in a research note on Thursday, August 13th. BTIG Research boosted their target price on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Needham & Company LLC boosted their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Super Group (SGHC) presently has an average rating of “Moderate Buy” and an average target price of $18.71.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company’s principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.