SG Americas Securities LLC Sells 56,348 Shares of Super Group (SGHC) Limited $SGHC

SG Americas Securities LLC lowered its stake in Super Group (SGHC) Limited (NYSE:SGHC) by 56.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 42,634 shares of the company’s stock after selling 56,348 shares during the period. SG Americas Securities LLC’s holdings in Super Group (SGHC) were worth $563,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SGHC. Calamos Advisors LLC boosted its holdings in shares of Super Group (SGHC) by 12.5% during the third quarter. Calamos Advisors LLC now owns 326,927 shares of the company’s stock worth $4,315,000 after acquiring an additional 36,303 shares during the period. Abacus FCF Advisors LLC bought a new stake in Super Group (SGHC) in the 3rd quarter valued at $4,869,000. Pacer Advisors Inc. grew its holdings in Super Group (SGHC) by 78.9% in the 3rd quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock valued at $137,000 after buying an additional 4,567 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Super Group (SGHC) by 321.6% in the 2nd quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock valued at $6,861,000 after buying an additional 477,084 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Super Group (SGHC) by 19.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company’s stock worth $164,000 after buying an additional 2,432 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BTIG Research boosted their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Macquarie reissued an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a report on Wednesday, November 5th. Benchmark lowered their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $16.30.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $9.69 on Friday. The firm’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $11.74. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.53 and a beta of 1.08. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 1 year low of $5.59 and a 1 year high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $557.00 million during the quarter, compared to the consensus estimate of $436.19 million. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. As a group, research analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, February 9th. Investors of record on Monday, February 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is 37.21%.

Super Group (SGHC) Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.