Super Group (SGHC) (NYSE:SGHC) Issues Earnings Results

Super Group (SGHC) (NYSE:SGHC) posted its quarterly earnings data on Friday. The company reported $0.13 earnings per share for the quarter, Zacks reports. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%.

Super Group (SGHC) Trading Up 2.1%

Shares of NYSE:SGHC traded up $0.23 on Friday, hitting $11.20. The company had a trading volume of 793,612 shares, compared to its average volume of 2,699,896. The firm’s 50-day simple moving average is $10.38 and its two-hundred day simple moving average is $11.12. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 26.00 and a beta of 1.05. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 1 year low of $7.32 and a 1 year high of $14.38.

Super Group (SGHC) Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.8%. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analysts Forecast Growth

SGHC has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Benchmark raised their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of Super Group (SGHC) in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) presently has an average rating of “Buy” and a consensus target price of $16.75.

Insider Transactions at Super Group (SGHC)

In other news, CFO Wyk Alinda Van sold 51,104 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $547,323.84. Following the completion of the transaction, the chief financial officer owned 78,837 shares in the company, valued at $844,344.27. This trade represents a 39.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kirsty Farrah Ross sold 47,391 shares of Super Group (SGHC) stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $507,557.61. Following the sale, the insider owned 96,984 shares in the company, valued at $1,038,698.64. This represents a 32.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 181,786 shares of company stock valued at $1,946,928. Insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Large investors have recently modified their holdings of the stock. Invesco Ltd. grew its position in Super Group (SGHC) by 324.3% in the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares during the period. Susquehanna Portfolio Strategies LLC boosted its stake in shares of Super Group (SGHC) by 781.3% in the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 341,034 shares of the company’s stock worth $4,075,000 after buying an additional 302,336 shares during the last quarter. Prospect Capital Advisors LLC purchased a new position in shares of Super Group (SGHC) in the 4th quarter worth $8,712,000. Millennium Management LLC grew its holdings in shares of Super Group (SGHC) by 21.3% in the fourth quarter. Millennium Management LLC now owns 1,480,937 shares of the company’s stock worth $17,697,000 after acquiring an additional 260,272 shares during the period. Finally, Man Group plc purchased a new stake in Super Group (SGHC) during the fourth quarter valued at $333,000. Hedge funds and other institutional investors own 5.09% 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.