Super Group (SGHC) (NYSE:SGHC) Trading Down 5.9% – Time to Sell?

Super Group (SGHC) Limited (NYSE:SGHC)’s stock price fell 5.9% during trading on Wednesday . The stock traded as low as $10.94 and last traded at $10.92. 526,624 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,671,107 shares. The stock had previously closed at $11.61.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Needham & Company LLC upped their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. UBS Group set a $18.00 target price on Super Group (SGHC) in a research note on Thursday, September 18th. Benchmark dropped their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $16.30.

Super Group (SGHC) Trading Down 9.4%

The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 24.57 and a beta of 1.08. The firm’s 50-day moving average is $11.64 and its 200 day moving average is $11.82.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. The firm had revenue of $557.00 million during the quarter, compared to the consensus estimate of $436.19 million. On average, equities analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 15th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.16 dividend on an annualized basis and a yield of 1.5%. Super Group (SGHC)’s dividend payout ratio is 37.21%.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently modified their holdings of SGHC. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Super Group (SGHC) by 97.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after purchasing an additional 2,193,989 shares in the last quarter. Millennium Management LLC lifted its stake in Super Group (SGHC) by 127.2% in 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 during the last quarter. Algert Global LLC grew its stake in shares of Super Group (SGHC) by 2,639.6% during the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after acquiring an additional 706,349 shares during the period. 4D Advisors LLC purchased a new position in shares of Super Group (SGHC) in the third quarter worth about $9,240,000. Finally, UBS Group AG raised its holdings in Super Group (SGHC) by 247.8% during the 3rd quarter. UBS Group AG now owns 973,963 shares of the company’s stock valued at $12,856,000 after acquiring an additional 693,903 shares during the period. Institutional investors own 5.09% of the company’s stock.

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.