Super Group (SGHC) (NYSE:SGHC) Sets New 1-Year High Following Analyst Upgrade

Super Group (SGHC) Limited (NYSE:SGHC) shares reached a new 52-week high on Wednesday after Citizens Jmp raised their price target on the stock from $17.00 to $19.00. Citizens Jmp currently has a market outperform rating on the stock. Super Group (SGHC) traded as high as $14.86 and last traded at $14.8350, with a volume of 2802261 shares. The stock had previously closed at $14.67.

Several other equities research analysts have also recently commented on the company. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. BTIG Research reissued a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Finally, Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.86.

Insiders Place Their Bets

In related news, CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction dated 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 can be accessed through the SEC website. Also, COO Kirsty Farrah Ross sold 25,356 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the transaction, the chief operating officer directly owned 27,000 shares in the company, 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 in the last 90 days. Company insiders own 10.41% of the company’s stock.

Institutional Investors Weigh In On Super Group (SGHC)

A number of institutional investors and hedge funds have recently made changes to their positions in SGHC. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Super Group (SGHC) by 7.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock worth $216,000 after acquiring an additional 1,078 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Super Group (SGHC) by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock valued at $141,000 after purchasing an additional 1,418 shares during the period. Mariner LLC raised its position in Super Group (SGHC) by 1.4% in the third 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 period. ProShare Advisors LLC lifted its stake in Super Group (SGHC) by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock worth $348,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Advisory Research Inc. lifted its stake in Super Group (SGHC) by 5.4% during the fourth quarter. Advisory Research Inc. now owns 37,688 shares of the company’s stock worth $450,000 after purchasing an additional 1,923 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group (SGHC) Stock Performance

The firm has a 50-day moving average price of $13.47 and a 200 day moving average price of $11.61. The firm has a market capitalization of $7.48 billion, a PE ratio of 30.63 and a beta of 1.06. 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 posted its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The firm had revenue of $578.00 million for the quarter. Research analysts expect that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

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

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.