Super Group (SGHC) (NYSE:SGHC) Shares Gap Up – Here’s What Happened

Super Group (SGHC) Limited (NYSE:SGHC) gapped up prior to trading on Wednesday . The stock had previously closed at $9.67, but opened at $10.32. Super Group (SGHC) shares last traded at $9.7760, with a volume of 595,754 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. BTIG Research boosted their price objective 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. Benchmark dropped their price objective on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, November 28th. Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Thursday, October 30th. Finally, Macquarie reissued an “outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $16.30.

Super Group (SGHC) Stock Performance

The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.95 billion, a P/E ratio of 22.89 and a beta of 1.08. The business has a fifty day simple moving average of $11.36 and a 200-day simple moving average of $11.78.

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 company had revenue of $557.00 million during the quarter, compared to analyst estimates of $436.19 million. On average, sell-side analysts predict that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 15th were paid a $0.04 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.16 annualized dividend and a dividend yield of 1.6%. Super Group (SGHC)’s dividend payout ratio is presently 37.21%.

Institutional Investors Weigh In On Super Group (SGHC)

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Super Group (SGHC) by 235.3% in the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Super Group (SGHC) by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after buying an additional 3,783 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Super Group (SGHC) during the first quarter valued at approximately $1,523,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Super Group (SGHC) in the 2nd quarter worth approximately $2,397,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.