Allspring Global Investments Holdings LLC Acquires Shares of 81,606 Super Group (SGHC) Limited (NYSE:SGHC)

Allspring Global Investments Holdings LLC bought a new stake in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 81,606 shares of the company's stock, valued at approximately $526,000.

Other large investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its holdings in shares of Super Group (SGHC) by 17.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company's stock valued at $98,000 after buying an additional 2,307 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Super Group (SGHC) by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock valued at $531,000 after buying an additional 2,997 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Super Group (SGHC) by 7.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock valued at $260,000 after buying an additional 3,022 shares during the period. Principal Street Partners LLC increased its position in shares of Super Group (SGHC) by 22.7% during the fourth quarter. Principal Street Partners LLC now owns 21,576 shares of the company's stock worth $134,000 after acquiring an additional 3,993 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Super Group (SGHC) by 4,606.6% during the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after acquiring an additional 4,192 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group (SGHC) Stock Up 1.6%

Shares of NYSE SGHC traded up $0.19 during trading hours on Monday, hitting $11.67. The company had a trading volume of 2,567,325 shares, compared to its average volume of 793,017. Super Group has a 1-year low of $2.94 and a 1-year high of $12.18. The firm's 50 day moving average is $9.53 and its 200-day moving average is $7.99. The stock has a market capitalization of $5.87 billion, a P/E ratio of 43.20 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million during the quarter, compared to analysts' expectations of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. On average, sell-side analysts predict that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 59.26%.

Analyst Upgrades and Downgrades

SGHC has been the subject of a number of research reports. Needham & Company LLC increased their target price on Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Benchmark reiterated a "buy" rating and set a $12.00 price objective on shares of Super Group (SGHC) in a report on Wednesday, April 16th. Wall Street Zen upgraded Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Citizens Jmp began coverage on Super Group (SGHC) in a research report on Monday. They set a "mkt outperform" rating and a $15.00 price target for the company. Finally, Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a report on Monday, May 19th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $13.13.

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.