Investors Buy Large Volume of Super Group (SGHC) Call Options (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) saw unusually large options trading on Tuesday. Traders bought 13,637 call options on the company. This is an increase of approximately 183% compared to the average volume of 4,820 call options.

Institutional Trading of Super Group (SGHC)

A number of institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted 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 buying an additional 3,570,825 shares during the last quarter. Susquehanna Portfolio Strategies LLC increased its holdings in Super Group (SGHC) by 781.3% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 341,034 shares of the company’s stock worth $4,075,000 after buying an additional 302,336 shares during the last quarter. Prospect Capital Advisors LLC bought a new position in Super Group (SGHC) during the fourth quarter valued at approximately $8,712,000. Millennium Management LLC lifted its stake in Super Group (SGHC) by 21.3% in the fourth quarter. Millennium Management LLC now owns 1,480,937 shares of the company’s stock valued at $17,697,000 after acquiring an additional 260,272 shares during the last quarter. Finally, Man Group plc acquired a new position in shares of Super Group (SGHC) during the 4th quarter worth $333,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages 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 company a “buy” rating in a report on Tuesday. Wall Street Zen cut Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. Macquarie Infrastructure restated an “outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. BTIG Research reissued a “buy” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $17.13.

Super Group (SGHC) Stock Performance

SGHC stock traded up $1.09 during trading on Tuesday, hitting $10.81. 3,703,076 shares of the company’s stock traded hands, compared to its average volume of 2,777,668. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 25.06 and a beta of 1.08. Super Group has a 52 week low of $5.59 and a 52 week high of $14.38. The stock has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $11.47. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) Increases Dividend

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

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.