Super Group (SGHC) (NYSE:SGHC) Upgraded at Zacks Research

Zacks Research upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Needham & Company LLC lifted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen cut Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Finally, BTIG Research lowered their target price on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $16.75.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $10.69 on Wednesday. The firm has a market capitalization of $5.38 billion, a P/E ratio of 24.86 and a beta of 1.08. Super Group has a 52 week low of $5.59 and a 52 week high of $14.38. The stock has a 50 day moving average price of $10.24 and a two-hundred day moving average price of $11.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75.

Super Group (SGHC) Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 16th. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s dividend payout ratio is currently 46.51%.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors have recently added to or reduced their stakes in SGHC. AQR Capital Management LLC boosted its position in Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after purchasing an additional 117,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Super Group (SGHC) by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after buying an additional 3,783 shares in the last quarter. Millennium Management LLC boosted its holdings in Super Group (SGHC) by 127.2% in the 1st 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 period. Jane Street Group LLC purchased a new position in Super Group (SGHC) in the 1st quarter valued at approximately $1,523,000. Finally, Nisa Investment Advisors LLC grew its stake in Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after buying an additional 1,396 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group (SGHC) Company 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.