Super Group (SGHC) (NYSE:SGHC) Reaches New 1-Year High – Here’s Why

Super Group (SGHC) Limited (NYSE:SGHC)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.38 and last traded at $14.3450, with a volume of 1977140 shares trading hands. The stock had previously closed at $13.97.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, May 20th. Citizens Jmp upped their price objective on Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

Super Group (SGHC) Stock Performance

The company has a market cap of $7.36 billion, a PE ratio of 30.08 and a beta of 1.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $13.18 and its two-hundred day moving average is $11.48.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Saturday, April 18th. The company reported $0.13 EPS for the quarter. The business 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%. On average, equities research analysts anticipate that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is presently 41.67%.

Insider Activity at Super Group (SGHC)

In other news, CFO Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total transaction of $1,080,066.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kirsty Farrah Ross sold 25,356 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the transaction, the chief operating officer directly owned 27,000 shares in the company, valued at $351,000. This trade represents a 48.43% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 285,987 shares of company stock valued at $3,356,733. Corporate insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in shares of Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after purchasing an additional 3,570,825 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Super Group (SGHC) by 97.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after purchasing an additional 2,193,989 shares during the last quarter. Norges Bank bought a new stake in shares of Super Group (SGHC) in the fourth quarter worth about $23,791,000. Millennium Management LLC lifted 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 buying an additional 1,532,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Super Group (SGHC) by 74.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after buying an additional 818,455 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.