Super Group (SGHC) Limited $SGHC Stake Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Super Group (SGHC) Limited (NYSE:SGHC) by 579.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,764 shares of the company’s stock after purchasing an additional 95,311 shares during the quarter. Quantinno Capital Management LP’s holdings in Super Group (SGHC) were worth $1,207,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Super Group (SGHC) by 324.3% in the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after acquiring an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Super Group (SGHC) by 4.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock valued at $55,444,000 after purchasing an additional 202,144 shares during the last quarter. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the period. Norges Bank acquired a new stake in shares of Super Group (SGHC) during the 4th quarter worth approximately $23,791,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Super Group (SGHC) by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock worth $26,255,000 after purchasing an additional 152,362 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SGHC shares. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Benchmark increased their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, BTIG Research boosted their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.71.

Super Group (SGHC) Price Performance

Shares of NYSE:SGHC opened at $13.30 on Friday. The firm’s 50 day moving average is $14.01 and its two-hundred day moving average is $12.19. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86. The firm has a market capitalization of $6.73 billion, a P/E ratio of 18.40 and a beta of 1.07. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%.The business had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. Analysts anticipate that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a yield of 1.5%. Super Group (SGHC)’s payout ratio is presently 27.78%.

Insiders Place Their Bets

In other news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kirsty Farrah Ross sold 54,551 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $762,077.47. Following the transaction, the chief operating officer directly owned 88,261 shares in the company, valued at $1,233,006.17. This trade represents a 38.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 229,836 shares of company stock worth $3,164,926. 10.41% of the stock is owned by company insiders.

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.