Super Group (SGHC) (NYSE:SGHC) Stock Price Down 6.1% – Should You Sell?

by · The Markets Daily

Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report)’s share price fell 6.1% during mid-day trading on Friday. The stock traded as low as $10.67 and last traded at $10.6570. 1,451,195 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 2,916,561 shares. The stock had previously closed at $11.35.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BTIG Research boosted their price objective on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Barclays began coverage on shares of Super Group (SGHC) in a report on Friday. They set an “equal weight” rating and a $13.00 target price for the company. Benchmark lifted their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Needham & Company LLC boosted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Check Out Our Latest Report on SGHC

Super Group (SGHC) Price Performance

The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $12.57 and a two-hundred day moving average price of $13.03. The stock has a market capitalization of $5.48 billion, a P/E ratio of 14.99 and a beta of 1.10.

Super Group (SGHC) (NYSE:SGHC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $684.00 million for the quarter, compared to analysts’ expectations of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. On average, analysts expect that Super Group will post 0.80 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Super Group (SGHC)’s dividend payout ratio (DPR) is 27.78%.

Insider Activity

In related news, CFO Wyk Van sold 22,644 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the transaction, the chief financial officer directly owned 27,566 shares in the company, valued at $385,097.02. The trade was a 45.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Ross sold 40,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $14.00, for a total value of $560,000.00. Following the completion of the transaction, the chief operating officer owned 48,261 shares of the company’s stock, valued at $675,654. This represents a 45.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 188,935 shares of company stock worth $2,636,428 over the last three months. 10.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Super Group (SGHC)

A number of hedge funds have recently bought and sold shares of SGHC. Sterling Capital Management LLC raised its holdings in shares of Super Group (SGHC) by 840.3% during the third quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock valued at $61,000 after purchasing an additional 4,840 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Super Group (SGHC) in the second quarter worth approximately $674,000. Globeflex Capital L P purchased a new stake in Super Group (SGHC) in the second quarter worth approximately $1,265,000. Baron Wealth Management LLC bought a new stake in Super Group (SGHC) in the 2nd quarter worth approximately $158,000. Finally, Prospect Capital Advisors LLC grew its position in Super Group (SGHC) by 42.9% in 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 during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

(Get Free Report)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.

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