Wellington Management Group LLP Trims Stock Position in Super Group (SGHC) Limited $SGHC

Wellington Management Group LLP reduced its stake in Super Group (SGHC) Limited (NYSE:SGHC) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467,527 shares of the company’s stock after selling 41,154 shares during the period. Wellington Management Group LLP’s holdings in Super Group (SGHC) were worth $19,885,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Super Group (SGHC) by 235.3% in the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after acquiring an additional 117,869 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Super Group (SGHC) by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after purchasing an additional 3,783 shares during the last quarter. Millennium Management LLC raised its position in Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Jane Street Group LLC bought a new position in Super Group (SGHC) during the first quarter valued at approximately $1,523,000. Finally, JPMorgan Chase & Co. raised its stake in Super Group (SGHC) by 30.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after buying an additional 168,622 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Insider Transactions at Super Group (SGHC)

In related news, CFO Wyk Van sold 22,644 shares of Super Group (SGHC) stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $316,336.68. Following the transaction, the chief financial officer directly owned 27,566 shares of the company’s stock, valued at $385,097.02. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Ross sold 40,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the sale, the chief operating officer directly owned 48,261 shares in the company, valued at $675,654. This trade represents a 45.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 165,643 shares of company stock valued at $2,315,231. Company insiders own 10.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SGHC has been the topic of several recent research reports. Benchmark increased their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Citizens Jmp reiterated a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a report on Monday, August 31st. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Finally, Needham & Company LLC increased their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Super Group (SGHC) presently has an average rating of “Moderate Buy” and an average target price of $18.71.

Super Group (SGHC) Stock Up 0.1%

NYSE:SGHC opened at $14.00 on Monday. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 19.36 and a beta of 1.06. 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 has a twelve month low of $8.46 and a twelve month high of $15.86. The stock has a fifty day simple moving average of $14.04 and a 200-day simple moving average of $12.68.

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

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. Super Group (SGHC)’s dividend payout ratio is 27.78%.

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.