Super Group (SGHC) Sees Unusually Large Options Volume (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) was the target of some unusual options trading on Tuesday. Stock traders acquired 22,522 call options on the company. This represents an increase of approximately 186% compared to the typical volume of 7,876 call options.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SGHC. Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Benchmark lifted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen lowered Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Finally, BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Super Group (SGHC) presently has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Insider Buying and Selling

In related news, CFO Wyk Alinda Van sold 51,104 shares of the stock in a transaction 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 can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $50,990.31. Following the completion of the transaction, the general counsel owned 30,172 shares of the company’s stock, valued at $323,142.12. This trade represents a 13.63% decrease in their position. 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. Over the last quarter, insiders have sold 181,786 shares of company stock worth $1,946,928. Company insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

A number of institutional investors and hedge funds have recently modified their holdings of SGHC. Invesco Ltd. increased its position in shares of Super Group (SGHC) by 324.3% during the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after purchasing an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Super Group (SGHC) by 97.8% during 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 during the period. Norges Bank bought a new stake in shares of Super Group (SGHC) during the fourth quarter valued at approximately $23,791,000. Millennium Management LLC increased its position 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 purchasing an additional 1,532,666 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Super Group (SGHC) by 74.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after acquiring an additional 818,455 shares during the period. 5.09% of the stock is currently owned by institutional investors.

Super Group (SGHC) Stock Performance

NYSE SGHC traded down $0.29 during trading on Tuesday, hitting $12.89. The company’s stock had a trading volume of 10,141,702 shares, compared to its average volume of 2,985,435. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $11.30 and a 200 day moving average price of $11.02. The firm has a market cap of $6.52 billion, a P/E ratio of 29.80 and a beta of 1.11. Super Group has a 52 week low of $8.12 and a 52 week high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Saturday, April 18th. The company reported $0.13 EPS for the quarter. The company had revenue of $578.00 million for the quarter. Super Group (SGHC) had a return on equity of 40.15% and a net margin of 9.77%. Equities research analysts forecast that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.05 per share. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, March 16th. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 46.51%.

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.