Super Group (SGHC) (NYSE:SGHC) Announces Earnings Results

Super Group (SGHC) (NYSE:SGHC) issued its quarterly earnings results on Friday. The company reported $0.13 earnings per share for the quarter, Zacks reports. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%.

Super Group (SGHC) Price Performance

SGHC stock opened at $11.23 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a one year low of $7.32 and a one year high of $14.38. The firm has a market capitalization of $5.65 billion, a PE ratio of 26.11 and a beta of 1.05. The firm has a 50-day moving average of $10.42 and a two-hundred day moving average of $11.10.

Super Group (SGHC) Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.05 per share. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, March 16th. Super Group (SGHC)’s payout ratio is currently 46.51%.

Analyst Ratings Changes

SGHC has been the subject of a number of research analyst reports. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of Super Group (SGHC) in a report on Thursday. Zacks Research raised shares of Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Finally, Benchmark upped their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) currently has an average rating of “Buy” and an average target price of $16.75.

Insider Activity

In other news, CEO Neal Menashe sold 78,530 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $841,056.30. Following the transaction, the chief executive officer owned 676,334 shares in the company, valued at $7,243,537.14. This represents a 10.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 51,104 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $547,323.84. Following the completion of the transaction, the chief financial officer owned 78,837 shares in the company, valued at $844,344.27. This represents a 39.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 181,786 shares of company stock valued at $1,946,928 over the last ninety days. Corporate insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

A number of large investors have recently made changes to their positions in SGHC. Invesco Ltd. increased its holdings in shares of Super Group (SGHC) by 324.3% in 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 period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after purchasing an additional 2,193,989 shares during the period. Millennium Management LLC increased its holdings in shares of Super Group (SGHC) by 127.2% in the 1st 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 during the period. Goldman Sachs Group Inc. increased its holdings in shares of Super Group (SGHC) by 74.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after purchasing an additional 818,455 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Super Group (SGHC) by 1,090.1% in the 4th quarter. JPMorgan Chase & Co. now owns 798,148 shares of the company’s stock valued at $9,538,000 after purchasing an additional 731,081 shares during the period. Institutional investors and hedge funds 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.