Super Group (SGHC) Limited (NYSE:SGHC) Receives Consensus Recommendation of “Buy” from Brokerages

Super Group (SGHC) Limited (NYSE:SGHC) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.8750.

Several analysts have issued reports on the company. Benchmark boosted their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a research note on Monday, May 19th. Citigroup began coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set an “outperform” rating on the stock. Needham & Company LLC boosted their target price on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors and hedge funds have recently modified their holdings of SGHC. Millennium Management LLC grew its holdings in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Super Group (SGHC) by 120.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company’s stock worth $24,612,000 after buying an additional 1,224,942 shares during the last quarter. Nuveen LLC acquired a new position in Super Group (SGHC) in the first quarter worth approximately $4,608,000. Acadian Asset Management LLC increased its holdings in Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock worth $19,902,000 after buying an additional 667,571 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Super Group (SGHC) by 68,636.4% in the second quarter. Hillsdale Investment Management Inc. now owns 604,880 shares of the company’s stock worth $6,636,000 after buying an additional 604,000 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Trading Down 5.4%

NYSE SGHC opened at $11.01 on Friday. The stock’s 50-day moving average price is $11.28 and its two-hundred day moving average price is $9.09. The company has a market cap of $5.54 billion, a PE ratio of 40.76 and a beta of 1.09. Super Group has a 1 year low of $3.29 and a 1 year high of $12.37.

Super Group (SGHC) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)’s payout ratio is 59.26%.

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.