Zweig DiMenna Associates LLC Invests $8.22 Million in Super Group (SGHC) Limited $SGHC

Zweig DiMenna Associates LLC acquired a new stake in Super Group (SGHC) Limited (NYSE:SGHC) during the third quarter, Holdings Channel reports. The fund acquired 622,500 shares of the company’s stock, valued at approximately $8,217,000.

Several other large investors also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in shares of Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after purchasing an additional 1,396 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after acquiring an additional 2,716 shares during the period. Greenwich Wealth Management LLC purchased a new stake in shares of Super Group (SGHC) in the second quarter valued at about $112,000. Scotia Capital Inc. acquired a new position in shares of Super Group (SGHC) in the second quarter valued at approximately $113,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Super Group (SGHC) in the 2nd quarter worth $121,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Up 3.5%

Shares of NYSE:SGHC opened at $8.97 on Tuesday. Super Group has a 1 year low of $5.59 and a 1 year high of $14.38. The stock has a 50-day simple moving average of $10.50 and a 200-day simple moving average of $11.51. 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 stock has a market capitalization of $4.51 billion, a P/E ratio of 20.85 and a beta of 1.08.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

Wall Street Analysts Forecast Growth

SGHC has been the subject of several research analyst reports. Wall Street Zen cut Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Benchmark decreased their price target 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 boosted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. BTIG Research reissued a “buy” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research note on Friday, January 30th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Super Group (SGHC) has an average rating of “Buy” and a consensus price target of $16.78.

About Super Group (SGHC)

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.