Federated Hermes Inc. Buys 88,596 Shares of Super Group (SGHC) Limited $SGHC

Federated Hermes Inc. boosted its stake in Super Group (SGHC) Limited (NYSE:SGHC) by 30.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 383,249 shares of the company’s stock after purchasing an additional 88,596 shares during the quarter. Federated Hermes Inc. owned about 0.08% of Super Group (SGHC) worth $5,059,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Super Group (SGHC) by 7.6% during the second quarter. American Century Companies Inc. now owns 5,209,707 shares of the company’s stock valued at $57,150,000 after purchasing an additional 368,691 shares in the last quarter. Millennium Management LLC grew its stake in shares of 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 buying an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Super Group (SGHC) by 120.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company’s stock worth $24,612,000 after purchasing an additional 1,224,942 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Super Group (SGHC) by 7.9% in the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock valued at $20,717,000 after purchasing an additional 138,065 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock worth $19,902,000 after purchasing an additional 667,571 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on SGHC shares. BTIG Research reiterated a “buy” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Benchmark lowered their target price on 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, 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 note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.78.

Super Group (SGHC) Price Performance

Shares of NYSE SGHC opened at $9.39 on Tuesday. Super Group has a 52 week low of $5.59 and a 52 week high of $14.38. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.72 billion, a P/E ratio of 21.83 and a beta of 1.08. The business’s 50 day moving average price is $10.93 and its 200 day moving average price is $11.66.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.19 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 business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $436.19 million. On average, sell-side analysts expect that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently declared a special dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

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.