Super Group (SGHC) Limited (NYSE:SGHC) Position Increased by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,407 shares of the company’s stock after purchasing an additional 12,261 shares during the period. Rhumbline Advisers’ holdings in Super Group (SGHC) were worth $1,329,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SGHC. State of New Jersey Common Pension Fund D bought a new position in Super Group (SGHC) in the fourth quarter worth about $233,000. New York State Common Retirement Fund lifted its holdings in shares of Super Group (SGHC) by 40.3% in the 4th quarter. New York State Common Retirement Fund now owns 53,814 shares of the company’s stock worth $335,000 after purchasing an additional 15,463 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Super Group (SGHC) by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 362,798 shares of the company’s stock worth $2,260,000 after purchasing an additional 8,232 shares during the last quarter. Globeflex Capital L P acquired a new position in Super Group (SGHC) during the 4th quarter valued at approximately $576,000. Finally, Cibc World Markets Corp bought a new position in Super Group (SGHC) during the 4th quarter worth $87,000. 5.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on SGHC. BTIG Research raised their target price on Super Group (SGHC) from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Benchmark reiterated a “buy” rating and issued a $12.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a research note on Monday, May 19th. 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 note on Monday, May 12th. Finally, Needham & Company LLC lifted their price target on Super Group (SGHC) from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $11.83.

Super Group (SGHC) Stock Up 0.2%

Shares of NYSE SGHC opened at $9.76 on Thursday. The stock has a market cap of $4.91 billion, a P/E ratio of 36.13 and a beta of 1.01. The firm’s 50-day simple moving average is $8.47 and its 200 day simple moving average is $7.48. Super Group has a fifty-two week low of $2.91 and a fifty-two week high of $9.96.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly 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 company had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. On average, sell-side analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

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

Super Group (SGHC) Company 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.