State of New Jersey Common Pension Fund D Buys 52,364 Shares of Super Group (SGHC) Limited $SGHC

State of New Jersey Common Pension Fund D raised its stake in Super Group (SGHC) Limited (NYSE:SGHC) by 139.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 89,818 shares of the company’s stock after buying an additional 52,364 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Super Group (SGHC) were worth $1,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SGHC. SBI Securities Co. Ltd. grew its holdings in shares of Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares in the last quarter. Teza Capital Management LLC acquired a new position in Super Group (SGHC) in the second quarter valued at about $121,000. Landscape Capital Management L.L.C. acquired a new position in Super Group (SGHC) in the third quarter valued at about $141,000. Vanguard Personalized Indexing Management LLC bought a new stake in Super Group (SGHC) during the third quarter worth about $144,000. Finally, PharVision Advisers LLC acquired a new stake in Super Group (SGHC) during the third quarter worth about $159,000. 5.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SGHC shares. Wall Street Zen cut shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Finally, Benchmark upped their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Super Group (SGHC) presently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Super Group (SGHC) Trading Up 0.8%

SGHC opened at $13.19 on Tuesday. The company has a market cap of $6.67 billion, a P/E ratio of 30.46 and a beta of 1.11. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $11.30 and its 200-day moving average is $11.02. Super Group has a 1-year low of $8.12 and a 1-year high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $578.00 million during the quarter. Super Group (SGHC) had a net margin of 9.77% and a return on equity of 40.15%. Equities research analysts predict that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 46.51%.

Insider Activity at Super Group (SGHC)

In related news, insider Kirsty Farrah Ross sold 47,391 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $507,557.61. Following the sale, the insider owned 96,984 shares in the company, valued at $1,038,698.64. The trade was a 32.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the completion of the transaction, the general counsel directly owned 30,172 shares of the company’s stock, valued at approximately $323,142.12. The trade was a 13.63% 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. Insiders have sold a total of 181,786 shares of company stock valued at $1,946,928 over the last three months. 10.41% of the stock is currently owned by corporate insiders.

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.