State of Alaska Department of Revenue Purchases 49,775 Shares of Super Group (SGHC) Limited $SGHC

State of Alaska Department of Revenue increased its position in Super Group (SGHC) Limited (NYSE:SGHC) by 172.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,603 shares of the company’s stock after buying an additional 49,775 shares during the quarter. State of Alaska Department of Revenue’s holdings in Super Group (SGHC) were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SGHC. Arrowstreet Capital Limited Partnership lifted its position in Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after buying an additional 2,193,989 shares during the last quarter. Millennium Management LLC lifted its position 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 last quarter. Algert Global LLC lifted its position in Super Group (SGHC) by 2,639.6% in the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after buying an additional 706,349 shares during the last quarter. 4D Advisors LLC bought a new position in shares of Super Group (SGHC) during the 3rd quarter valued at $9,240,000. Finally, UBS Group AG grew its holdings in shares of Super Group (SGHC) by 247.8% during the 3rd quarter. UBS Group AG now owns 973,963 shares of the company’s stock valued at $12,856,000 after purchasing an additional 693,903 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Insider Transactions at Super Group (SGHC)

In other Super Group (SGHC) news, insider Kirsty Farrah Ross sold 47,391 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $507,557.61. Following the completion of the transaction, the insider owned 96,984 shares in the company, valued at approximately $1,038,698.64. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the completion of the transaction, the general counsel owned 30,172 shares of the company’s stock, valued at approximately $323,142.12. This trade represents a 13.63% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 181,786 shares of company stock worth $1,946,928 in the last ninety days. 10.41% of the stock is owned by company insiders.

Super Group (SGHC) Stock Down 0.9%

Shares of NYSE SGHC opened at $12.28 on Thursday. The firm has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $11.06. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $6.18 billion, a PE ratio of 28.37 and a beta of 1.05. Super Group has a 12 month low of $7.86 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Friday, April 17th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $578.00 million for the quarter. Super Group (SGHC) had a return on equity of 41.90% and a net margin of 9.77%. Equities analysts expect that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s payout ratio is presently 46.51%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. BTIG Research reaffirmed a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a report on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Benchmark boosted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Super Group (SGHC) currently has a consensus rating of “Buy” and an average target price of $16.75.

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.