Super Group (SGHC)’s (SGHC) “Hold (C)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of Super Group (SGHC) (NYSE:SGHC) in a research note issued to investors on Thursday morning,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on SGHC. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. BTIG Research reaffirmed a “buy” rating and set a $14.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, September 18th. Macquarie began coverage on Super Group (SGHC) in a research note on Monday, September 15th. They set an “outperform” rating and a $17.00 price objective for the company. UBS Group set a $18.00 price objective on Super Group (SGHC) in a research note on Thursday, September 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $18.00 price objective on shares of Super Group (SGHC) in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.40.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $10.99 on Thursday. The stock has a fifty day moving average of $12.58 and a 200-day moving average of $10.74. The stock has a market capitalization of $5.53 billion, a P/E ratio of 42.27 and a beta of 1.11. Super Group has a 52 week low of $4.01 and a 52 week high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $579.00 million during the quarter, compared to analyst estimates of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. Equities research analysts forecast that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.5%. Super Group (SGHC)’s payout ratio is currently 61.54%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company’s stock worth $26,000 after acquiring an additional 3,129 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock worth $30,000 after acquiring an additional 1,662 shares during the period. Signaturefd LLC raised its holdings in shares of Super Group (SGHC) by 95.9% during the first quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock worth $35,000 after acquiring an additional 2,662 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Super Group (SGHC) during the first quarter worth $37,000. 5.09% of the stock is currently owned by institutional investors.

About Super Group (SGHC)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.