UBS Group AG Sells 370,139 Shares of Super Group (SGHC) Limited $SGHC

UBS Group AG lessened its position in Super Group (SGHC) Limited (NYSE:SGHC) by 38.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 603,824 shares of the company’s stock after selling 370,139 shares during the period. UBS Group AG’s holdings in Super Group (SGHC) were worth $7,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its stake in shares of Super Group (SGHC) by 67,900.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after buying an additional 2,716 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of Super Group (SGHC) in the second quarter worth approximately $121,000. Landscape Capital Management L.L.C. bought a new position in shares of Super Group (SGHC) in the third quarter worth approximately $141,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Super Group (SGHC) in the third quarter worth approximately $144,000. Finally, PharVision Advisers LLC bought a new position in shares of Super Group (SGHC) in the third quarter worth approximately $159,000. Institutional investors own 5.09% of the company’s stock.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, General Counsel Martine Nathan sold 4,761 shares of the company’s 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 sale, the general counsel directly owned 30,172 shares of the company’s stock, valued at approximately $323,142.12. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 78,530 shares of the company’s 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 sale, the chief executive officer directly owned 676,334 shares of the company’s stock, valued at approximately $7,243,537.14. This represents a 10.40% 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. Insiders sold a total of 181,786 shares of company stock valued at $1,946,928 in the last ninety days. Corporate insiders own 10.41% of the company’s stock.

Wall Street Analyst Weigh In

SGHC has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Benchmark upped 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 note on Tuesday, February 24th. Finally, BTIG Research reiterated a “buy” rating and issued a $16.00 target price on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.43.

Super Group (SGHC) Stock Up 4.7%

Shares of Super Group (SGHC) stock opened at $13.76 on Tuesday. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 28.48 and a beta of 1.11. The company’s 50 day moving average is $11.52 and its 200 day moving average is $11.07. Super Group has a twelve month low of $8.12 and a twelve month high of $14.38. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data 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 company had revenue of $578.00 million for the quarter. Research analysts anticipate that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.05 per share. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 16th. Super Group (SGHC)’s dividend payout ratio is currently 41.67%.

Super Group (SGHC) 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.