93,358 Shares in Super Group (SGHC) Limited $SGHC Bought by Globeflex Capital L P

Key Points

• Globeflex Capital bought 93,358 shares of Super Group, valued at approximately $1.27 million, while institutional investors collectively own 5.09% of the company.
• Analysts remain broadly positive: seven rate SGHC a Buy and two a Hold, producing a “Moderate Buy” consensus and an average price target of $18.71.
• Super Group reported quarterly revenue of $684 million, exceeding estimates, though EPS of $0.22 narrowly missed expectations. The company also maintains a $0.05 quarterly dividend, equivalent to a 1.4% yield.

Globeflex Capital L P purchased a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 93,358 shares of the company's stock, valued at approximately $1,265,000.

Several other institutional investors have also modified their holdings of the business. CIBC Private Wealth Group LLC bought a new stake in Super Group (SGHC) in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. increased its holdings in Super Group (SGHC) by 119.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company's stock worth $71,000 after purchasing an additional 3,244 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Super Group (SGHC) in the 4th quarter valued at about $120,000. Independent Financial Group LLC bought a new stake in shares of Super Group (SGHC) in the first quarter valued at about $114,000. Finally, Cibc World Markets Corp bought a new stake in shares of Super Group (SGHC) in the fourth quarter valued at about $126,000. Institutional investors own 5.09% of the company's stock.

Analysts Set New Price Targets

SGHC has been the topic of a number of recent research reports. Citizens Jmp lifted their price objective on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a "market outperform" rating in a report on Wednesday, July 8th. Citigroup restated an "outperform" rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. BTIG Research raised their target price on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Needham & Company LLC lifted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.71.

Super Group (SGHC) Price Performance

NYSE:SGHC opened at $13.98 on Tuesday. Super Group has a one year low of $8.46 and a one year high of $15.86. The company has a market cap of $7.07 billion, a P/E ratio of 19.34 and a beta of 1.06. The firm's fifty day moving average price is $13.98 and its two-hundred day moving average price is $12.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The firm had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. Equities analysts expect that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 27.78%.

Insider Transactions at Super Group (SGHC)

In related news, CEO Neal Menashe sold 48,440 shares of the company's 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 $676,706.80. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Farrah Ross sold 54,551 shares of the 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 transaction, the chief operating officer owned 88,261 shares of the company's stock, valued at $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 150,999 shares of company stock valued at $2,084,859. Corporate insiders own 10.41% of the company's stock.

Super Group (SGHC) Company Profile

Super Group NYSE: SGHC is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.

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