Super Group (SGHC) Limited Plans Quarterly Dividend of $0.05 (NYSE:SGHC)

Key Points

• Super Group declared a quarterly dividend of $0.05 per share, payable September 30 to shareholders of record on September 22. The payment implies a $0.20 annualized dividend and a 1.6% yield.
• The dividend appears well covered, with a 29.0% current payout ratio and an expected future payout ratio of 22.7% based on projected earnings.
• Super Group reported quarterly EPS of $0.22, slightly below estimates, while revenue of $684 million exceeded expectations. The stock opened at $12.68, down 1.0%.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) announced a quarterly dividend on Friday, September 4th. Investors of record on Tuesday, September 22nd will be given a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Super Group (SGHC) has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Super Group (SGHC) to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 22.7%.

Super Group (SGHC) Stock Down 1.0%

SGHC opened at $12.68 on Friday. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $6.41 billion, a P/E ratio of 17.53 and a beta of 1.06. The stock has a fifty day moving average of $13.85 and a 200-day moving average of $12.90.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly 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 business had revenue of $684.00 million for 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%. On average, equities analysts expect that Super Group will post 0.8 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Neal Menashe sold 48,440 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 $676,706.80. Following the completion of the sale, the chief executive officer directly owned 730,733 shares in the company, valued at $10,208,340.01. This represents a 6.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 54,551 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $762,077.47. Following the completion of the sale, 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. 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 188,943 shares of company stock worth $2,636,538 over the last 90 days. Corporate insiders own 10.41% of the company's stock.

Institutional Investors Weigh In On Super Group (SGHC)

Large investors have recently added to or reduced their stakes in the business. Prospect Capital Advisors LLC lifted its stake in Super Group (SGHC) by 42.9% in the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company's stock valued at $11,255,000 after buying an additional 313,100 shares during the period. Globeflex Capital L P acquired a new stake in shares of Super Group (SGHC) during the 2nd quarter worth approximately $1,265,000. Norges Bank bought a new stake in shares of Super Group (SGHC) in the 4th quarter valued at $23,791,000. Quantinno Capital Management LP increased its stake in shares of Super Group (SGHC) by 579.3% in the 1st quarter. Quantinno Capital Management LP now owns 111,764 shares of the company's stock valued at $1,207,000 after acquiring an additional 95,311 shares in the last quarter. Finally, Anson Funds Management LP lifted its position in shares of Super Group (SGHC) by 108.3% during the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company's stock valued at $5,737,000 after acquiring an additional 276,214 shares during the period. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company's principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.

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