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

A number of other hedge funds have also recently added to or reduced their stakes in SGHC. Invesco Ltd. grew its holdings in Super Group (SGHC) by 500.9% during the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after acquiring an additional 1,245,185 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Super Group (SGHC) by 66.1% in the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock valued at $7,505,000 after purchasing an additional 479,440 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Super Group (SGHC) in the 1st quarter valued at about $2,110,000. Nuveen Asset Management LLC boosted its stake in shares of Super Group (SGHC) by 50.6% in the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after purchasing an additional 229,211 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Super Group (SGHC) in the 1st quarter valued at about $526,000. Institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Trading Down 1.2%

NYSE:SGHC traded down $0.1330 on Tuesday, reaching $11.3370. 1,437,606 shares of the stock traded hands, compared to its average volume of 1,122,504. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 41.99 and a beta of 1.08. The company's 50 day moving average is $10.82 and its 200-day moving average is $8.83. Super Group has a 1-year low of $3.22 and a 1-year high of $12.18.

Super Group (SGHC) Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on SGHC shares. Wall Street Zen lowered shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Citigroup initiated coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued an "outperform" rating on the stock. JMP Securities initiated coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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.