Stock Traders Purchase High Volume of Super Group (SGHC) Call Options (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) was the target of unusually large options trading on Wednesday. Stock investors acquired 11,092 call options on the stock. This represents an increase of 142% compared to the typical volume of 4,575 call options.

Super Group (SGHC) Stock Down 0.2%

Shares of SGHC traded down $0.03 during mid-day trading on Wednesday, reaching $11.13. The company’s stock had a trading volume of 1,470,869 shares, compared to its average volume of 2,917,098. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The stock has a market cap of $5.63 billion, a PE ratio of 15.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The company’s 50 day moving average is $12.64 and its 200 day moving average is $13.03.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $684.00 million during the quarter, compared to analysts’ expectations of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. Equities analysts anticipate that Super Group will post 0.80 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were issued a $0.05 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Super Group (SGHC)’s dividend payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citizens Jmp reissued a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research note on Monday, August 31st. Benchmark upped their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Wall Street Zen lowered Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, BTIG Research lifted their target price 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. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Insider Transactions at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Ross sold 54,551 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47. Following the completion of the sale, the chief operating officer owned 88,261 shares in the company, valued at $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Van sold 22,644 shares of the 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 sale, the chief financial officer directly owned 27,566 shares of the company’s stock, valued at $385,097.02. The trade was a 45.10% decrease in their position. 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. Insiders sold a total of 188,935 shares of company stock worth $2,636,428 over the last quarter. 10.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Super Group (SGHC) in the second quarter valued at about $674,000. Globeflex Capital L P bought a new position in Super Group (SGHC) during the 2nd quarter worth approximately $1,265,000. Baron Wealth Management LLC bought a new stake in shares of Super Group (SGHC) during the 2nd quarter valued at about $158,000. Prospect Capital Advisors LLC boosted its position in Super Group (SGHC) by 42.9% during the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after purchasing an additional 313,100 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Super Group (SGHC) in the 1st quarter worth about $2,662,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

About Super Group (SGHC)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.