Super Group (SGHC) (NYSE:SGHC) CFO Wyk Alinda Van Sells 22,644 Shares

Super Group (SGHC) Limited (NYSE:SGHC) CFO Wyk Alinda Van sold 22,644 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $316,336.68. Following the completion of the transaction, the chief financial officer owned 27,566 shares of the company’s stock, valued at $385,097.02. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wyk Alinda Van also recently made the following trade(s):

• On Tuesday, May 19th, Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) stock. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90.

Super Group (SGHC) Trading Down 1.8%

Shares of SGHC opened at $13.74 on Tuesday. Super Group has a 1-year low of $8.46 and a 1-year high of $15.86. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $13.96 and its 200-day moving average price is $12.00. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 28.46 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The company had revenue of $612.00 million during the quarter, compared to the consensus estimate of $584.75 million. Sell-side analysts anticipate that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s payout ratio is 41.67%.

Institutional Trading of Super Group (SGHC)

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its position in Super Group (SGHC) by 324.3% in the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after acquiring an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Super Group (SGHC) by 4.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock worth $55,444,000 after purchasing an additional 202,144 shares during the last quarter. Millennium Management LLC lifted 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 purchasing an additional 1,532,666 shares in the last quarter. Norges Bank bought a new position in shares of Super Group (SGHC) during the fourth quarter valued at $23,791,000. Finally, Vanguard Group Inc. boosted its position in shares of Super Group (SGHC) by 8.3% during the third quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock valued at $26,255,000 after buying an additional 152,362 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SGHC. Benchmark lifted their price target on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Citizens Jmp lifted their target price on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Wednesday, July 8th. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.43.

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.