Super Group (SGHC) (NYSE:SGHC) Shares Gap Up After Dividend Announcement

Super Group (SGHC) Limited (NYSE:SGHC) gapped up before the market opened on Wednesday following a dividend announcement from the company. The stock had previously closed at $9.67, but opened at $10.32. Super Group (SGHC) shares last traded at $9.7760, with a volume of 595,754 shares traded.

The newly announced dividend which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 2nd. Super Group (SGHC)’s payout ratio is presently 37.21%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SGHC shares. Benchmark reduced their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Needham & Company LLC upped their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen lowered Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Thursday, October 30th. Finally, BTIG Research upped their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $16.30.

Super Group (SGHC) Trading Down 2.9%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.53 and a beta of 1.08. The firm has a fifty day moving average price of $11.26 and a 200-day moving average price of $11.75.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. As a group, equities analysts anticipate that Super Group will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Super Group (SGHC)

Large investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after acquiring an additional 2,193,989 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Super Group (SGHC) by 127.2% during the first 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 period. Algert Global LLC boosted its position in shares of Super Group (SGHC) by 2,639.6% during the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after purchasing an additional 706,349 shares in the last quarter. 4D Advisors LLC acquired a new stake in shares of Super Group (SGHC) in the 3rd quarter valued at about $9,240,000. Finally, UBS Group AG increased its position in Super Group (SGHC) by 247.8% in the 3rd quarter. UBS Group AG now owns 973,963 shares of the company’s stock valued at $12,856,000 after buying an additional 693,903 shares in the last quarter. 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.