Super Group (SGHC) (NYSE:SGHC) Trading 5.8% Higher – What’s Next?

Shares of Super Group (SGHC) Limited (NYSE:SGHC) shot up 5.8% on Monday . The stock traded as high as $13.98 and last traded at $14.0790. Approximately 1,777,558 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 3,014,835 shares. The stock had previously closed at $13.31.

Analyst Upgrades and Downgrades

SGHC has been the topic of several research reports. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Needham & Company LLC boosted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. 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. Finally, Benchmark increased 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 note on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.71.

Super Group (SGHC) Price Performance

The company has a market cap of $7.05 billion, a PE ratio of 19.29 and a beta of 1.07. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $12.40.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $684.00 million during the quarter, compared to analysts’ expectations of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. As a group, research analysts predict that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 1.4%. Super Group (SGHC)’s dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In other news, CEO Neal Menashe sold 48,440 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the sale, the chief executive officer owned 730,733 shares in the company, valued at approximately $10,208,340.01. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 22,644 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $316,336.68. Following the sale, the chief financial officer owned 27,566 shares in the company, valued at $385,097.02. The trade was a 45.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 150,999 shares of company stock valued at $2,084,859. 10.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Group (SGHC)

Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in Super Group (SGHC) by 250.7% during the 2nd quarter. California State Teachers Retirement System now owns 30,244 shares of the company’s stock valued at $410,000 after purchasing an additional 21,621 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Super Group (SGHC) during the second quarter worth $674,000. Globeflex Capital L P purchased a new stake in shares of Super Group (SGHC) during the second quarter valued at $1,265,000. Baron Wealth Management LLC purchased a new stake in shares of Super Group (SGHC) during the second quarter valued at $158,000. Finally, Prospect Capital Advisors LLC increased its position in shares of Super Group (SGHC) by 42.9% in the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after acquiring an additional 313,100 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.