SG Americas Securities LLC Buys 72,380 Shares of Super Group (SGHC) Limited (NYSE:SGHC)

SG Americas Securities LLC lifted its stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 105.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,931 shares of the company’s stock after purchasing an additional 72,380 shares during the quarter. SG Americas Securities LLC’s holdings in Super Group (SGHC) were worth $908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Super Group (SGHC) by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company’s stock valued at $28,000 after acquiring an additional 4,192 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Super Group (SGHC) in the 4th quarter valued at about $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Super Group (SGHC) in the 4th quarter valued at about $66,000. Xponance Inc. bought a new position in Super Group (SGHC) in the 4th quarter valued at about $67,000. Finally, Fox Run Management L.L.C. bought a new position in Super Group (SGHC) in the 4th quarter valued at about $75,000. Institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Up 0.2%

Super Group (SGHC) stock opened at $9.76 on Thursday. The company’s 50 day moving average price is $8.47 and its two-hundred day moving average price is $7.48. Super Group has a 52 week low of $2.91 and a 52 week high of $9.96. The stock has a market cap of $4.91 billion, a P/E ratio of 36.13 and a beta of 1.01.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. The company had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. On average, equities analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.16 annualized dividend and a dividend yield of 1.64%. Super Group (SGHC)’s payout ratio is currently 59.26%.

Analyst Upgrades and Downgrades

SGHC has been the topic of several recent research reports. Canaccord Genuity Group raised their price target on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 12th. BTIG Research lifted their target price on shares of Super Group (SGHC) from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Needham & Company LLC lifted their target price on shares of Super Group (SGHC) from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Benchmark reissued a “buy” rating and set a $12.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Finally, Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a research report on Monday, May 19th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Buy” and an average price target of $11.83.

About Super Group (SGHC)

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.