Beacon Pointe Advisors LLC Cuts Stock Holdings in Super Group (SGHC) Limited $SGHC

Beacon Pointe Advisors LLC lowered its position in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 44.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,436 shares of the company’s stock after selling 45,000 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Super Group (SGHC) were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SGHC. Quarry LP raised its stake in Super Group (SGHC) by 364.3% in 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 during the last quarter. Nisa Investment Advisors LLC boosted its stake in Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after purchasing an additional 1,396 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Super Group (SGHC) during the first quarter worth $71,000. Magnetar Financial LLC purchased a new stake in shares of Super Group (SGHC) during the first quarter worth $78,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Super Group (SGHC) in the first quarter valued at about $96,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock opened at $11.20 on Monday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 26.04 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The business has a 50-day moving average of $12.17 and a 200 day moving average of $11.41. Super Group has a 12 month low of $5.45 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. The business had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $436.19 million. As a group, sell-side analysts forecast that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, December 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, December 15th. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SGHC. Needham & Company LLC 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 Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Thursday, October 30th. UBS Group set a $18.00 price objective on Super Group (SGHC) in a report on Thursday, September 18th. Macquarie reiterated an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Finally, JMP Securities raised their target price on Super Group (SGHC) from $15.00 to $16.00 and gave the stock a “market outperform” rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $16.30.

Super Group (SGHC) 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.