Super Group (SGHC) (NYSE:SGHC) Announces Earnings Results

Super Group (SGHC) (NYSE:SGHC) posted its earnings results on Tuesday. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01), Zacks reports. The business had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.

Super Group (SGHC) Stock Performance

Shares of NYSE SGHC traded down $0.62 during mid-day trading on Wednesday, hitting $13.29. The company had a trading volume of 2,997,987 shares, compared to its average volume of 3,096,712. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The firm’s 50 day simple moving average is $13.98 and its two-hundred day simple moving average is $12.03. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 27.51 and a beta of 1.07.

Super Group (SGHC) Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio is presently 41.67%.

Analyst Upgrades and Downgrades

SGHC has been the subject of several research reports. Citizens Jmp increased their price objective on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. 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. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Zacks Research cut shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Seven investment 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.com, Super Group (SGHC) currently has an average rating of “Moderate Buy” and a consensus price target of $18.43.

Insider Activity at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Neal Menashe sold 48,440 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the sale, the chief executive officer owned 730,733 shares in the company, valued at approximately $10,208,340.01. The trade was a 6.22% 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. Insiders sold a total of 229,836 shares of company stock worth $3,164,926 in the last ninety days. 10.41% of the stock is currently owned by insiders.

Institutional Trading of Super Group (SGHC)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its holdings in shares of Super Group (SGHC) by 7.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock worth $216,000 after purchasing an additional 1,078 shares during the period. Mariner LLC boosted its stake in Super Group (SGHC) by 1.4% during the 3rd quarter. Mariner LLC now owns 103,271 shares of the company’s stock valued at $1,363,000 after purchasing an additional 1,471 shares during the last quarter. Advisory Research Inc. grew its position in Super Group (SGHC) by 5.4% in the 4th quarter. Advisory Research Inc. now owns 37,688 shares of the company’s stock worth $450,000 after purchasing an additional 1,923 shares during the period. Harvest Fund Management Co. Ltd increased its position in shares of Super Group (SGHC) by 11.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 19,970 shares of the company’s stock valued at $263,000 after purchasing an additional 2,032 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in Super Group (SGHC) in the fourth quarter worth approximately $28,000. 5.09% of the stock is owned by 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.