State of Wyoming Reduces Position in Super Group (SGHC) Limited $SGHC

State of Wyoming trimmed its stake in Super Group (SGHC) Limited (NYSE:SGHC) by 64.2% in the first quarter, HoldingsChannel.com reports. The fund owned 25,195 shares of the company’s stock after selling 45,134 shares during the quarter. State of Wyoming’s holdings in Super Group (SGHC) were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SGHC. AQR Capital Management LLC boosted its stake in shares of Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after acquiring an additional 117,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Super Group (SGHC) by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after purchasing an additional 3,783 shares during the last quarter. Millennium Management LLC raised its stake 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 valued at $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Jane Street Group LLC purchased a new position in Super Group (SGHC) in the 1st quarter valued at about $1,523,000. Finally, JPMorgan Chase & Co. lifted its holdings in Super Group (SGHC) by 30.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after purchasing an additional 168,622 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SGHC has been the topic of several analyst reports. BTIG Research raised their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Finally, Citizens Jmp boosted their price target on Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Super Group (SGHC) has a consensus rating of “Moderate Buy” and an average price target of $18.43.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $14.95 on Wednesday. The business’s 50-day moving average price is $13.91 and its 200 day moving average price is $11.89. The company has a current ratio of 1.61, a quick ratio of 1.61 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 company has a market capitalization of $7.56 billion, a PE ratio of 30.96 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The company had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $584.75 million. On average, research analysts predict that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 41.67%.

Insider Activity at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kirsty Farrah Ross sold 25,356 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the transaction, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at $351,000. This trade represents a 48.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 104,201 shares of company stock worth $1,409,805 over the last three months. Corporate insiders own 10.41% of the company’s stock.

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.