Insider Selling: Super Group (SGHC) (NYSE:SGHC) COO Sells 2,724 Shares of Company Stock

by · The Markets Daily

Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report) COO Kirsty Ross sold 2,724 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $10.74, for a total value of $29,255.76. Following the completion of the sale, the chief operating officer owned 51,316 shares in the company, valued at $551,133.84. The trade was a 5.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kirsty Farrah Ross also recently made the following trade(s):

  • On Friday, August 28th, Kirsty Ross sold 40,000 shares of Super Group (SGHC) stock. The shares were sold at an average price of $14.00, for a total value of $560,000.00.

Super Group (SGHC) Stock Performance

SGHC stock traded up $0.24 during trading on Wednesday, hitting $11.45. 10,573,035 shares of the company traded hands, compared to its average volume of 3,024,023. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company has a market cap of $5.79 billion, a PE ratio of 15.83 and a beta of 1.09. The stock’s 50-day simple moving average is $12.16 and its 200 day simple moving average is $12.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83.

Super Group (SGHC) (NYSE:SGHC – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The firm had revenue of $611.00 million during the quarter, compared to analyst estimates of $623.50 million. On average, equities analysts expect that Super Group will post 0.80 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 22nd. Super Group (SGHC)’s payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SGHC. Weiss Ratings downgraded shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Citizens Jmp reissued a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research note on Monday, August 31st. Needham & Company LLC upped their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Barclays initiated coverage on shares of Super Group (SGHC) in a research report on Friday, October 23rd. They set an “equal weight” rating and a $13.00 price target for the company. Finally, Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

View Our Latest Analysis on SGHC

Key Stories Impacting Super Group (SGHC)

Here are the key news stories impacting Super Group (SGHC) this week:

  • Positive Sentiment: Q3 earnings were $0.28 per share, ahead of the $0.19 consensus estimate and up from $0.19 a year earlier. The company also reported revenue growth of 10%, supporting the view that its casino-led business remains resilient. Super Group Q3 financial results
  • Positive Sentiment: Super Group announced a $150 million share buyback, which could support per-share value and signal confidence in the business. Share buyback announcement
  • Neutral Sentiment: Management plans to attend upcoming investor conferences, providing an opportunity to discuss the company’s outlook but no new financial guidance was included in the announcement. Investor conference announcement
  • Negative Sentiment: Q3 revenue of $611 million came in below the $623.5 million consensus estimate. Coverage also reported that sports results prompted a guidance revision, tempering the earnings beat. Revenue growth and guidance revision
  • Negative Sentiment: BTIG cut its price target from $19 to $16. The firm maintained a Buy rating, but the reduction indicates a more cautious valuation outlook. BTIG analyst ratings

Institutional Investors Weigh In On Super Group (SGHC)

A number of large investors have recently modified their holdings of SGHC. Bank of America Corp DE boosted its position in Super Group (SGHC) by 172.5% during the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after acquiring an additional 733,073 shares during the last quarter. Prospect Capital Advisors LLC grew its stake in 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 valued at $11,255,000 after acquiring an additional 313,100 shares in the last quarter. Anson Funds Management LP grew its stake in Super Group (SGHC) by 108.3% during the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after acquiring an additional 276,214 shares in the last quarter. Sei Investments Co. grew its stake in Super Group (SGHC) by 3.3% during the 1st quarter. Sei Investments Co. now owns 410,386 shares of the company’s stock valued at $4,432,000 after acquiring an additional 13,048 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Super Group (SGHC) in the 1st quarter valued at about $2,662,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

(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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