Balyasny Asset Management L.P. Buys 13,588 Shares of Super Group Limited (NYSE:SGHC)

Balyasny Asset Management L.P. lifted its stake in shares of Super Group Limited (NYSE:SGHC) by 64.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,641 shares of the company’s stock after buying an additional 13,588 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Super Group were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Aquatic Capital Management LLC bought a new stake in shares of Super Group during the 4th quarter valued at $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Super Group during the 4th quarter valued at about $66,000. Xponance Inc. bought a new stake in Super Group during the fourth quarter worth about $67,000. DGS Capital Management LLC bought a new stake in Super Group during the fourth quarter worth about $73,000. Finally, Fox Run Management L.L.C. purchased a new stake in Super Group in the fourth quarter worth about $75,000. 5.09% of the stock is owned by institutional investors.

Super Group Stock Down 3.2%

Shares of NYSE SGHC opened at $8.38 on Monday. The firm has a market cap of $4.22 billion, a P/E ratio of 139.64 and a beta of 1.01. Super Group Limited has a twelve month low of $2.91 and a twelve month high of $9.17. The company has a 50 day moving average of $7.43 and a 200 day moving average of $6.96.

Super Group (NYSE:SGHC) last posted its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. As a group, equities analysts expect that Super Group Limited will post 0.29 earnings per share for the current fiscal year.

Super Group Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.04 per share. This represents a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group’s dividend payout ratio is currently 59.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of Super Group from $12.00 to $14.00 and gave the company a “buy” rating in a report on Monday, May 12th. BTIG Research started coverage on Super Group in a research note on Friday, March 28th. They set a “buy” rating and a $9.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Oppenheimer raised their price target on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC lifted their price target on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Super Group presently has a consensus rating of “Buy” and a consensus price target of $11.40.

Super Group Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.