Rathbones Group PLC Buys Shares of 52,128 Super Group (SGHC) Limited $SGHC

Rathbones Group PLC purchased a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 52,128 shares of the company’s stock, valued at approximately $688,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Super Group (SGHC) by 19.5% during the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company’s stock worth $164,000 after purchasing an additional 2,432 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after buying an additional 2,716 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Super Group (SGHC) by 8.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,666 shares of the company’s stock worth $402,000 after buying an additional 2,776 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Super Group (SGHC) by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,230 shares of the company’s stock valued at $595,000 after acquiring an additional 4,041 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SGHC. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. BTIG Research lowered their price target on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. 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. Zacks Research upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Benchmark lifted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $16.75.

Super Group (SGHC) Stock Up 0.5%

Shares of Super Group (SGHC) stock opened at $10.86 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $5.47 billion, a P/E ratio of 25.26 and a beta of 1.05. Super Group has a one year low of $5.59 and a one year high of $14.38. The firm has a fifty day moving average of $10.11 and a two-hundred day moving average of $11.43.

Super Group (SGHC) Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.05 per share. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a yield of 1.8%. Super Group (SGHC)’s payout ratio is 37.21%.

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.