Super Group (SGHC) (NYSE:SGHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently commented on SGHC. Citizens Jmp reissued a “market outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a report on Monday, August 31st. Barclays started coverage on Super Group (SGHC) in a research note on Friday, October 23rd. They issued an “equal weight” rating and a $13.00 price objective on the stock. Needham & Company LLC lifted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings downgraded Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Finally, BTIG Research dropped their target price on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Super Group (SGHC) has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Super Group (SGHC) Stock Up 1.3%

SGHC stock opened at $11.51 on Friday. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86. The business has a 50-day simple moving average of $11.96 and a 200 day simple moving average of $12.18. The company has a quick ratio of 1.83, a current ratio of 2.34 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.82 billion, a PE ratio of 14.15 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $611.00 million for the quarter, compared to analyst estimates of $623.50 million. Super Group (SGHC) had a net margin of 16.74% and a return on equity of 49.92%. Sell-side analysts anticipate that Super Group will post 0.92 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.7%. Super Group (SGHC)’s dividend payout ratio is 24.69%.

Insider Buying and Selling at Super Group (SGHC)

In related news, COO Kirsty Ross sold 40,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00. Following the sale, the chief operating officer owned 48,261 shares of the company’s stock, valued at $675,654. This trade represents a 45.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Alon Ben – David sold 23,300 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $13.79, for a total value of $321,307.00. Following the sale, the chief technology officer directly owned 7,814 shares in the company, valued at approximately $107,755.06. This trade represents a 74.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 66,024 shares of company stock valued at $910,563 over the last quarter. Company insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of Super Group (SGHC) by 172.5% during the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock valued at $12,508,000 after purchasing an additional 733,073 shares in the last quarter. Prospect Capital Advisors LLC increased its stake in shares of Super Group (SGHC) by 42.9% in the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after buying an additional 313,100 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Super Group (SGHC) by 5.8% in the third quarter. Russell Investments Group Ltd. now owns 718,891 shares of the company’s stock valued at $8,159,000 after buying an additional 39,616 shares during the period. Anson Funds Management LP increased its stake in shares of Super Group (SGHC) by 108.3% in the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after buying an additional 276,214 shares during the period. Finally, Sei Investments Co. raised its holdings in Super Group (SGHC) by 3.3% in the 1st quarter. Sei Investments Co. now owns 410,386 shares of the company’s stock valued at $4,432,000 after buying an additional 13,048 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors.

About Super Group (SGHC)