Cetera Investment Advisers Takes $529,000 Position in Super Group (SGHC) Limited $SGHC

Key Points

• Cetera Investment Advisers has acquired a new stake in Super Group (SGHC) Limited, purchasing 82,175 shares valued at approximately $529,000 during Q1.
• Multiple institutional investors increased their holdings in Super Group (SGHC), with Invesco Ltd. boosting its stake by 500.9% during Q4.
• Super Group (SGHC) announced a quarterly dividend of $0.04 per share, resulting in an annualized yield of 1.4% with a payout ratio of 59.26%.

Cetera Investment Advisers bought a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 82,175 shares of the company's stock, valued at approximately $529,000.

Several other institutional investors also recently made changes to their positions in SGHC. Wells Fargo & Company MN boosted its position in shares of Super Group (SGHC) by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 70,017 shares of the company's stock worth $436,000 after purchasing an additional 23,865 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Super Group (SGHC) by 24.1% during the 4th quarter. Russell Investments Group Ltd. now owns 23,975 shares of the company's stock worth $149,000 after purchasing an additional 4,661 shares in the last quarter. Invesco Ltd. boosted its position in shares of Super Group (SGHC) by 500.9% in the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after buying an additional 1,245,185 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Super Group (SGHC) by 33.2% in the 4th quarter. Legal & General Group Plc now owns 31,394 shares of the company's stock worth $196,000 after buying an additional 7,825 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Super Group (SGHC) by 35.7% in the 4th quarter. Renaissance Technologies LLC now owns 134,901 shares of the company's stock worth $840,000 after buying an additional 35,500 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Trading Up 0.9%

Shares of NYSE SGHC traded up $0.1050 on Thursday, reaching $11.6450. 1,311,246 shares of the company traded hands, compared to its average volume of 1,622,460. Super Group has a fifty-two week low of $3.24 and a fifty-two week high of $12.18. The company has a 50 day moving average of $10.94 and a 200 day moving average of $8.89. The stock has a market capitalization of $5.86 billion, a PE ratio of 43.13 and a beta of 1.08.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. Super Group (SGHC)'s dividend payout ratio is currently 59.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Benchmark boosted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Citigroup initiated coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued an "outperform" rating for the company. Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a research note on Monday, May 19th. Finally, Citizens Jmp initiated coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $13.88.

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.