State of Wyoming Cuts Stake in Super Group (SGHC) Limited $SGHC

State of Wyoming lessened its position in Super Group (SGHC) Limited (NYSE:SGHC) by 64.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,195 shares of the company’s stock after selling 45,134 shares during the period. State of Wyoming’s holdings in Super Group (SGHC) were worth $272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ninety One UK Ltd purchased a new stake in shares of Super Group (SGHC) in the fourth quarter valued at approximately $4,987,000. Massachusetts Financial Services Co. MA acquired a new position in Super Group (SGHC) during the fourth quarter worth $1,509,000. Norges Bank purchased a new position in Super Group (SGHC) in the fourth quarter worth $23,791,000. AYAL Capital Advisors Ltd purchased a new position in Super Group (SGHC) in the fourth quarter worth $4,510,000. Finally, Findell Capital Management LLC raised its position in Super Group (SGHC) by 40.3% in the fourth quarter. Findell Capital Management LLC now owns 940,000 shares of the company’s stock worth $11,233,000 after acquiring an additional 269,901 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

Shares of SGHC stock opened at $14.95 on Wednesday. The stock has a fifty day moving average price of $13.91 and a 200 day moving average price of $11.89. The stock has a market cap of $7.56 billion, a PE ratio of 30.96 and a beta of 1.06. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61.

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. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The company had revenue of $612.00 million for the quarter, compared to analyst estimates of $584.75 million. Sell-side analysts forecast that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Super Group (SGHC)’s payout ratio is currently 41.67%.

Insider Transactions at Super Group (SGHC)

In related news, COO Kirsty Farrah Ross sold 25,356 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total value of $329,628.00. Following the sale, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at approximately $351,000. This represents a 48.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total transaction of $1,080,066.90. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 104,201 shares of company stock worth $1,409,805. 10.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on SGHC. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Benchmark increased their price target on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 10th. BTIG Research raised their price objective on shares of 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, 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. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Super Group (SGHC) presently has a consensus rating of “Moderate Buy” and an average target price of $18.43.

About Super Group (SGHC)

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.