Super Group (SGHC) (NYSE:SGHC) CEO Neal Menashe Sells 48,440 Shares

Super Group (SGHC) Limited (NYSE:SGHC) CEO Neal Menashe sold 48,440 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the sale, the chief executive officer owned 730,733 shares of the company’s stock, valued at approximately $10,208,340.01. The trade was a 6.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Super Group (SGHC) Stock Performance

NYSE SGHC traded down $0.26 on Monday, hitting $13.74. 2,844,807 shares of the company’s stock were exchanged, compared to its average volume of 2,500,574. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The firm’s 50-day moving average price is $13.96 and its two-hundred day moving average price is $12.00. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 28.46 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $612.00 million during the quarter, compared to the consensus estimate of $584.75 million. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%. On average, research analysts expect that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a yield of 1.5%. Super Group (SGHC)’s dividend payout ratio is presently 41.67%.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds have recently added to or reduced their stakes in the business. Baron Wealth Management LLC acquired a new position in Super Group (SGHC) during the second quarter worth about $158,000. Prospect Capital Advisors LLC increased its stake in shares of Super Group (SGHC) by 42.9% during the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after purchasing an additional 313,100 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Super Group (SGHC) during the 1st quarter worth approximately $2,662,000. Bank of America Corp DE raised its position in shares of Super Group (SGHC) by 172.5% during the 1st quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after purchasing an additional 733,073 shares during the last quarter. Finally, Anson Funds Management LP lifted its stake in Super Group (SGHC) by 108.3% in the 1st 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 in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SGHC shares. Benchmark increased their price target on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 10th. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Citizens Jmp upped their price target on Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.43.

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.