Super Group (SGHC) Limited (NYSE:SGHC) Receives Consensus Rating of “Buy” from Analysts

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned an average rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.75.

Several research firms have recently weighed in on SGHC. Benchmark increased their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Wall Street Zen cut shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Finally, BTIG Research cut their target price on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th.

Super Group (SGHC) Stock Down 1.7%

Super Group (SGHC) stock opened at $10.55 on Tuesday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 24.52 and a beta of 1.05. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. 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 firm has a 50 day moving average price of $10.03 and a two-hundred day moving average price of $11.40.

Super Group (SGHC) Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, March 16th. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

Institutional Trading of Super Group (SGHC)

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of Super Group (SGHC) by 235.3% during the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after acquiring an additional 117,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Super Group (SGHC) by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after purchasing an additional 3,783 shares during the period. Millennium Management LLC increased its stake in Super Group (SGHC) by 127.2% in 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of Super Group (SGHC) during the first quarter valued at about $1,523,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Super Group (SGHC) during the second quarter valued at about $325,000. Institutional investors own 5.09% of the company’s stock.

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.