Globeflex Capital L P Purchases Shares of 93,358 Super Group (SGHC) Limited $SGHC
by Danessa Lincoln · The Markets DailyGlobeflex Capital L P bought a new position in Super Group (SGHC) Limited (NYSE:SGHC – Free Report) during the second quarter, Holdings Channel reports. The firm bought 93,358 shares of the company’s stock, valued at approximately $1,265,000.
Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after purchasing an additional 117,869 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Super Group (SGHC) by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after buying an additional 3,783 shares during the last quarter. Millennium Management LLC increased its position in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after acquiring an additional 1,532,666 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Super Group (SGHC) during the first quarter valued at approximately $1,523,000. Finally, JPMorgan Chase & Co. boosted its position in Super Group (SGHC) by 30.4% in the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after purchasing an additional 168,622 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Benchmark increased their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citizens Jmp raised their price target on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Finally, BTIG Research lifted their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.71.
Get Our Latest Analysis on Super Group (SGHC)
Super Group (SGHC) Stock Up 5.1%
Shares of NYSE:SGHC opened at $13.98 on Tuesday. The firm has a fifty day moving average price of $13.98 and a two-hundred day moving average price of $12.36. 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 has a one year low of $8.46 and a one year high of $15.86. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 19.34 and a beta of 1.06.
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last issued 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 business had revenue of $684.00 million for the quarter, compared to analysts’ expectations of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. Analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.
Super Group (SGHC) Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a yield of 1.4%. Super Group (SGHC)’s payout ratio is currently 27.78%.
Insider Buying and Selling at Super Group (SGHC)
In related news, CEO Neal Menashe sold 48,440 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the transaction, the chief executive officer owned 730,733 shares in the company, valued at $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 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 22,644 shares of the company’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 transaction, the chief financial officer owned 27,566 shares of the company’s stock, valued at approximately $385,097.02. This represents a 45.10% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 150,999 shares of company stock worth $2,084,859 over the last three months. Company insiders own 10.41% of the company’s stock.
Super Group (SGHC) 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.
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