Super Group (SGHC) (NYSE:SGHC) Trading Down 5% – Time to Sell?

Super Group (SGHC) Limited (NYSE:SGHC) was down 5% during mid-day trading on Thursday . The company traded as low as $14.76 and last traded at $14.7340. Approximately 499,542 shares changed hands during trading, a decline of 84% from the average session volume of 3,180,653 shares. The stock had previously closed at $15.51.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SGHC shares. BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, April 16th. 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. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.86.

Super Group (SGHC) Stock Down 4.7%

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 company has a market capitalization of $7.48 billion, a P/E ratio of 30.62 and a beta of 1.06. The firm has a fifty day simple moving average of $13.42 and a 200-day simple moving average of $11.59.

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

Super Group (SGHC) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. Super Group (SGHC)’s dividend payout ratio is 41.67%.

Insider Buying and Selling

In other news, CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction 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 accessible through this link. Also, COO Kirsty Farrah Ross sold 25,356 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the transaction, the chief operating officer owned 27,000 shares of the company’s stock, valued at $351,000. The trade was a 48.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 104,201 shares of company stock worth $1,409,805 over the last quarter. 10.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Baron Wealth Management LLC bought a new stake in Super Group (SGHC) in the 2nd quarter valued at $158,000. Prospect Capital Advisors LLC boosted its position in Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after purchasing an additional 313,100 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Super Group (SGHC) in the first quarter valued at $2,662,000. Bank of America Corp DE increased its holdings in shares of Super Group (SGHC) by 172.5% in the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock valued at $12,508,000 after purchasing an additional 733,073 shares during the last quarter. Finally, Anson Funds Management LP raised its position in shares of Super Group (SGHC) by 108.3% in the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after purchasing an additional 276,214 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.