Super Group (SGHC) Target of Unusually High Options Trading (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) was the recipient of unusually large options trading on Monday. Stock investors acquired 16,055 call options on the company. This represents an increase of 64% compared to the typical volume of 9,810 call options.

Insiders Place Their Bets

In related news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Kirsty Farrah Ross sold 25,356 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total value of $329,628.00. Following the sale, the chief operating officer directly owned 27,000 shares in the company, valued at approximately $351,000. The trade was a 48.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,201 shares of company stock valued at $1,409,805 over the last 90 days. 10.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its holdings in Super Group (SGHC) by 7.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock worth $216,000 after buying an additional 1,078 shares during the period. PNC Financial Services Group Inc. raised its position in Super Group (SGHC) by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock worth $141,000 after buying an additional 1,418 shares during the last quarter. Mariner LLC lifted its stake in Super Group (SGHC) by 1.4% during the 3rd quarter. Mariner LLC now owns 103,271 shares of the company’s stock valued at $1,363,000 after acquiring an additional 1,471 shares during the period. ProShare Advisors LLC lifted its stake in Super Group (SGHC) by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock valued at $348,000 after acquiring an additional 1,865 shares during the period. Finally, Advisory Research Inc. boosted its holdings in shares of Super Group (SGHC) by 5.4% in the 4th quarter. Advisory Research Inc. now owns 37,688 shares of the company’s stock valued at $450,000 after acquiring an additional 1,923 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Trading Up 5.7%

Super Group (SGHC) stock opened at $15.57 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $7.87 billion, a PE ratio of 32.23 and a beta of 1.06. The stock has a 50-day moving average of $13.74 and a two-hundred day moving average of $11.76. Super Group has a one year low of $8.46 and a one year high of $15.82.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The business had revenue of $578.00 million for the quarter. On average, research analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. Super Group (SGHC)’s dividend payout ratio (DPR) is 41.67%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SGHC shares. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. BTIG Research increased their target price on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Benchmark lifted their price target on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) has an average rating of “Moderate Buy” and an average target price of $18.43.

About Super Group (SGHC)

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.