Wellington Management Group LLP Has $19.89 Million Stake in Super Group (SGHC) Limited $SGHC

Wellington Management Group LLP trimmed its position in Super Group (SGHC) Limited (NYSE:SGHC) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,467,527 shares of the company’s stock after selling 41,154 shares during the quarter. Wellington Management Group LLP owned 0.29% of Super Group (SGHC) worth $19,885,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC acquired a new position in shares of Super Group (SGHC) during the fourth quarter worth $28,000. SBI Securities Co. Ltd. raised its position in shares of Super Group (SGHC) by 119.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after acquiring an additional 3,244 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter worth approximately $114,000. Wealthspire Advisors LLC acquired a new position in Super Group (SGHC) in the fourth quarter valued at $120,000. Finally, Teza Capital Management LLC acquired a new position in shares of Super Group (SGHC) in the 2nd quarter valued at about $121,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SGHC. BTIG Research upped their price target on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Benchmark boosted their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Citizens Jmp reissued a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research report on Monday, August 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Super Group (SGHC) in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.71.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $14.00 on Monday. 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 business has a 50-day simple moving average of $14.04 and a 200 day simple moving average of $12.68. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 19.36 and a beta of 1.06. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86.

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

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio is 27.78%.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Ross sold 54,551 shares of Super Group (SGHC) stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $762,077.47. Following the transaction, the chief operating officer directly owned 88,261 shares of the company’s stock, valued at approximately $1,233,006.17. This trade represents a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of Super Group (SGHC) stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 165,643 shares of company stock worth $2,315,231 over the last ninety days. Insiders own 10.41% 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.