Super Group (SGHC) (NYSE:SGHC) Hits New 52-Week High – Here’s What Happened

Super Group (SGHC) Limited (NYSE:SGHC)’s stock price hit a new 52-week high on Saturday . The company traded as high as $12.25 and last traded at $12.14, with a volume of 3581143 shares changing hands. The stock had previously closed at $11.64.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SGHC shares. Canaccord Genuity Group lifted their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Citizens Jmp started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 price objective for the company. Benchmark lifted their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a research report on Monday, May 19th. Finally, JMP Securities started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a “market outperform” rating and a $15.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $13.88.

Super Group (SGHC) Stock Up 4.3%

The stock has a market cap of $6.11 billion, a P/E ratio of 44.94 and a beta of 1.08. The stock has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $8.92.

Super Group (SGHC) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.04 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. Super Group (SGHC)’s dividend payout ratio (DPR) is 59.26%.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its holdings in shares of Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after purchasing an additional 1,396 shares in the last quarter. Quarry LP lifted its holdings in shares of Super Group (SGHC) by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company’s stock valued at $26,000 after purchasing an additional 3,129 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Super Group (SGHC) by 4,606.6% during the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company’s stock valued at $28,000 after purchasing an additional 4,192 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Super Group (SGHC) by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock valued at $30,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Super Group (SGHC) during the 4th quarter valued at about $30,000. Institutional investors own 5.09% of the company’s stock.

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.