Allspring Global Investments Holdings LLC Acquires New Position in Super Group (SGHC) Limited (NYSE:SGHC)

Allspring Global Investments Holdings LLC acquired a new stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 81,606 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in shares of Super Group (SGHC) by 19.4% in the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock valued at $27,120,000 after purchasing an additional 707,723 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Super Group (SGHC) by 500.9% in the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock valued at $9,306,000 after purchasing an additional 1,245,185 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Super Group (SGHC) by 360.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock valued at $8,106,000 after purchasing an additional 1,018,664 shares in the last quarter. Millennium Management LLC grew its position in shares of Super Group (SGHC) by 66.1% in the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company’s stock worth $7,505,000 after buying an additional 479,440 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Super Group (SGHC) by 332.8% in the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company’s stock worth $6,118,000 after buying an additional 755,044 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Trading Down 1.7%

NYSE:SGHC opened at $11.79 on Friday. The company has a market cap of $5.93 billion, a PE ratio of 43.66 and a beta of 1.09. Super Group has a twelve month low of $2.94 and a twelve month high of $12.18. The company’s 50 day moving average is $9.47 and its two-hundred day moving average is $7.93.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, beating 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 business had revenue of $495.96 million during the quarter, compared to analysts’ expectations of $423.91 million. As a group, analysts expect that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)’s payout ratio is 59.26%.

Analysts Set New Price Targets

SGHC has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Needham & Company LLC lifted their price objective on shares of Super Group (SGHC) from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 27th. Finally, Canaccord Genuity Group lifted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.50.

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.