60,577 Shares in Super Group (SGHC) Limited $SGHC Bought by Gallacher Capital Management LLC

Key Points

• Gallacher Capital Management LLC acquired a new position in Super Group (SGHC) by purchasing 60,577 shares valued at approximately $665,000 in the second quarter.
• Multiple hedge funds, including American Century Companies Inc. and Millennium Management LLC, have notably increased their stakes in Super Group, indicating strong institutional interest in the stock.
• Super Group announced a $0.04 quarterly dividend to be paid on September 26th, representing a 1.3% yield with a payout ratio of 61.54%.

Gallacher Capital Management LLC bought a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 60,577 shares of the company's stock, valued at approximately $665,000.

A number of other hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its stake in Super Group (SGHC) by 11.2% during the first quarter. American Century Companies Inc. now owns 4,841,016 shares of the company's stock worth $31,176,000 after buying an additional 487,895 shares during the last quarter. Millennium Management LLC raised its stake in Super Group (SGHC) by 127.2% during the first 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. Acadian Asset Management LLC raised its stake in Super Group (SGHC) by 66.7% during the first quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock worth $7,379,000 after buying an additional 459,485 shares during the last quarter. Northern Trust Corp raised its stake in Super Group (SGHC) by 7.2% during the fourth quarter. Northern Trust Corp now owns 967,038 shares of the company's stock worth $6,025,000 after buying an additional 65,168 shares during the last quarter. Finally, Nuveen LLC bought a new position in Super Group (SGHC) during the first quarter worth $4,608,000. Institutional investors own 5.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. BTIG Research reaffirmed a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Needham & Company LLC lifted their price target on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. JMP Securities assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price target for the company. Craig Hallum set a $12.00 price target on shares of Super Group (SGHC) in a research note on Monday, May 19th. Finally, Canaccord Genuity Group lifted their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $13.88.

Super Group (SGHC) Price Performance

NYSE:SGHC opened at $12.64 on Monday. The firm has a 50-day moving average of $11.55 and a 200-day moving average of $9.35. The company has a market cap of $6.36 billion, a PE ratio of 48.62 and a beta of 1.09. Super Group has a one year low of $3.44 and a one year high of $13.47.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $579.00 million for the quarter, compared to the consensus estimate of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. On average, equities research analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.3%. Super Group (SGHC)'s payout ratio is 61.54%.

Super Group (SGHC) Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.

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