Insider Selling: Super Group (SGHC) (NYSE:SGHC) CFO Sells 51,104 Shares of Stock
by Jessica Moore · The Cerbat GemSuper Group (SGHC) Limited (NYSE:SGHC – Get Free Report) CFO Wyk Alinda Van sold 51,104 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $547,323.84. Following the transaction, the chief financial officer owned 78,837 shares of the company’s stock, valued at approximately $844,344.27. This trade represents a 39.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Super Group (SGHC) Price Performance
Shares of NYSE SGHC traded down $0.34 during midday trading on Friday, reaching $10.24. The company’s stock had a trading volume of 2,691,532 shares, compared to its average volume of 2,641,861. Super Group has a one year low of $6.72 and a one year high of $14.38. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 23.82 and a beta of 1.05. The company has a 50 day moving average price of $10.21 and a 200 day moving average price of $11.20. 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 (SGHC) Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.05 per share. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.0%. Super Group (SGHC)’s payout ratio is currently 46.51%.
Institutional Investors Weigh In On Super Group (SGHC)
A number of institutional investors have recently bought and sold shares of SGHC. CIBC Private Wealth Group LLC purchased a new position in Super Group (SGHC) during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. lifted its position in shares of Super Group (SGHC) by 67,900.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of Super Group (SGHC) in the fourth quarter worth approximately $120,000. Pacer Advisors Inc. boosted its holdings in shares of Super Group (SGHC) by 78.9% during the third quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock worth $137,000 after purchasing an additional 4,567 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of Super Group (SGHC) during the fourth quarter worth approximately $126,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SGHC has been the subject of a number of recent analyst reports. Wall Street Zen lowered Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. BTIG Research reduced their price objective on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Benchmark boosted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, Zacks Research upgraded shares of Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Super Group (SGHC) presently has a consensus rating of “Buy” and an average target price of $16.75.
View Our Latest Stock Report on Super Group (SGHC)
About Super Group (SGHC)
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.