Super Group (SGHC) (NYSE:SGHC) Given Buy Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Super Group (SGHC) (NYSE:SGHC) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $14.00 target price on the stock.

SGHC has been the topic of a number of other reports. Citizens Jmp initiated coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 target price on the stock. Needham & Company LLC raised their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen cut shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. JMP Securities initiated coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They set a “market outperform” rating and a $15.00 price target on the stock. Finally, Macquarie began coverage on shares of Super Group (SGHC) in a report on Monday. They issued an “outperform” rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $15.20.

Super Group (SGHC) Price Performance

Shares of NYSE SGHC opened at $11.73 on Thursday. The stock has a market cap of $5.90 billion, a P/E ratio of 45.12 and a beta of 1.09. Super Group has a 1 year low of $3.44 and a 1 year high of $13.71. The firm has a 50-day moving average of $11.63 and a 200 day moving average of $9.47.

Super Group (SGHC) (NYSE:SGHC) last announced its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. The business had revenue of $579.00 million for the quarter, compared to the consensus estimate of $503.00 million. Research analysts expect 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 Friday, September 26th. Stockholders of record on Thursday, September 18th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 18th. Super Group (SGHC)’s dividend payout ratio (DPR) is 61.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Super Group (SGHC) by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 5,209,707 shares of the company’s stock valued at $57,150,000 after purchasing an additional 368,691 shares during the period. Millennium Management LLC boosted its holdings in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Super Group (SGHC) by 120.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company’s stock valued at $24,612,000 after buying an additional 1,224,942 shares during the period. Geode Capital Management LLC increased its holdings in Super Group (SGHC) by 7.9% during the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock valued at $20,717,000 after buying an additional 138,065 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock worth $19,902,000 after acquiring an additional 667,571 shares during the period. 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.