Sanctuary Advisors LLC Makes New $1.61 Million Investment in Super Group (SGHC) Limited $SGHC

Sanctuary Advisors LLC purchased a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 149,550 shares of the company’s stock, valued at approximately $1,615,000.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Super Group (SGHC) by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after purchasing an additional 3,783 shares in the last quarter. Millennium Management LLC lifted its position in 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. Jane Street Group LLC bought a new stake in Super Group (SGHC) during the first quarter valued at about $1,523,000. Finally, JPMorgan Chase & Co. grew its holdings in Super Group (SGHC) by 30.4% during the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after purchasing an additional 168,622 shares during the period. Institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SGHC. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. BTIG Research boosted their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Finally, Benchmark raised their target price on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.43.

Insider Transactions at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Kirsty Farrah Ross sold 25,356 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total value of $329,628.00. Following the transaction, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at approximately $351,000. The trade was a 48.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 104,201 shares of company stock valued at $1,409,805. Company insiders own 10.41% of the company’s stock.

Super Group (SGHC) Price Performance

Shares of NYSE:SGHC opened at $14.49 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a fifty day moving average price of $13.84 and a 200 day moving average price of $11.82. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 29.99 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results on Monday, May 11th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $584.75 million. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. As a group, sell-side analysts expect that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is 41.67%.

Super Group (SGHC) 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.