26,573 Shares in Super Group (SGHC) Limited $SGHC Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new stake in Super Group (SGHC) Limited (NYSE:SGHC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 26,573 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SGHC. Millennium Management LLC grew its stake in shares of Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Nuveen LLC purchased a new position in shares of Super Group (SGHC) in the 1st quarter valued at approximately $4,608,000. Fiera Capital Corp purchased a new position in shares of Super Group (SGHC) in the 1st quarter valued at approximately $3,878,000. American Century Companies Inc. grew its stake in shares of Super Group (SGHC) by 11.2% in the 1st quarter. American Century Companies Inc. now owns 4,841,016 shares of the company’s stock valued at $31,176,000 after purchasing an additional 487,895 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Super Group (SGHC) by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company’s stock valued at $7,379,000 after purchasing an additional 459,485 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citizens Jmp assumed coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 target price on the stock. UBS Group set a $18.00 target price on Super Group (SGHC) in a research note on Thursday, September 18th. Benchmark reissued a “buy” rating and issued a $18.00 price target on shares of Super Group (SGHC) in a report on Monday, October 13th. JMP Securities raised their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $14.00 price target on shares of Super Group (SGHC) in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $15.40.

Super Group (SGHC) Price Performance

SGHC opened at $11.92 on Monday. The business has a 50 day simple moving average of $12.59 and a 200-day simple moving average of $10.65. The stock has a market capitalization of $6.00 billion, a P/E ratio of 45.84 and a beta of 1.11. Super Group has a 12 month low of $4.01 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $579.00 million for the quarter, compared to analyst estimates of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. Research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Thursday, September 18th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.3%. Super Group (SGHC)’s payout ratio is currently 61.54%.

About Super Group (SGHC)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.