Super Group (SGHC) (NYSE:SGHC) Stock Price Up 5.8% – Time to Buy?

Super Group (SGHC) Limited (NYSE:SGHC)’s stock price rose 5.8% on Tuesday . The company traded as high as $13.99 and last traded at $13.9380. Approximately 3,407,941 shares traded hands during trading, an increase of 17% from the average daily volume of 2,912,383 shares. The stock had previously closed at $13.18.

Wall Street Analyst Weigh In

SGHC has been the subject of a number of analyst reports. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Wall Street Zen lowered shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Benchmark lifted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.75.

Super Group (SGHC) Trading Up 1.4%

The stock has a market capitalization of $6.70 billion, a PE ratio of 27.40 and a beta of 1.11. The company has a current ratio of 1.61, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $11.43 and a 200-day moving average price of $11.05.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $578.00 million for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%. Sell-side analysts expect that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.5%. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 46.51%.

Insider Buying and Selling at Super Group (SGHC)

In related news, insider Kirsty Farrah Ross sold 47,391 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $507,557.61. Following the completion of the sale, the insider directly owned 96,984 shares in the company, valued at approximately $1,038,698.64. The trade was a 32.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $50,990.31. Following the sale, the general counsel owned 30,172 shares of the company’s stock, valued at $323,142.12. This trade represents a 13.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 181,786 shares of company stock valued at $1,946,928. 10.41% of the stock is owned by corporate insiders.

Institutional Trading of Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in SGHC. AQR Capital Management LLC grew its position in Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after buying an additional 117,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Super Group (SGHC) by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after buying an additional 3,783 shares during the period. Millennium Management LLC boosted its position in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the period. Jane Street Group LLC bought a new position in shares of Super Group (SGHC) in the first quarter worth approximately $1,523,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Super Group (SGHC) by 30.4% in the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after purchasing an additional 168,622 shares during the period. 5.09% of the stock is currently owned by institutional investors.

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.