Bank of America Corp DE raised its position in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 172.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,158,102 shares of the company's stock after buying an additional 733,073 shares during the quarter. Bank of America Corp DE owned about 0.23% of Super Group (SGHC) worth $12,508,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Super Group (SGHC) during the 4th quarter worth approximately $23,791,000. Quantinno Capital Management LP boosted its position in Super Group (SGHC) by 579.3% in the first quarter. Quantinno Capital Management LP now owns 111,764 shares of the company's stock valued at $1,207,000 after buying an additional 95,311 shares in the last quarter. Anson Funds Management LP boosted its position in Super Group (SGHC) by 108.3% in the first quarter. Anson Funds Management LP now owns 531,214 shares of the company's stock valued at $5,737,000 after buying an additional 276,214 shares in the last quarter. Findell Capital Management LLC grew its stake in shares of Super Group (SGHC) by 40.3% during the fourth quarter. Findell Capital Management LLC now owns 940,000 shares of the company's stock worth $11,233,000 after buying an additional 269,901 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Super Group (SGHC) during the first quarter worth $1,615,000. Institutional investors and hedge funds own 5.09% of the company's stock.
Insider Activity at Super Group (SGHC)
In related news, CEO Neal Menashe sold 48,440 shares of Super Group (SGHC) stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $676,706.80. Following the completion of the transaction, the chief executive officer directly owned 730,733 shares in the company, valued at approximately $10,208,340.01. The trade was a 6.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 22,644 shares of Super Group (SGHC) stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the transaction, the chief financial officer owned 27,566 shares of the company's stock, valued at approximately $385,097.02. This trade represents a 45.10% 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 ninety days, insiders have sold 150,999 shares of company stock worth $2,084,859. 10.41% of the stock is owned by corporate insiders.
Super Group (SGHC) Stock Up 0.2%
Shares of NYSE SGHC opened at $13.25 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The company has a 50-day moving average price of $13.97 and a 200-day moving average price of $12.31. The stock has a market capitalization of $6.70 billion, a P/E ratio of 18.33 and a beta of 1.07. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its 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 return on equity of 47.37% and a net margin of 15.22%.The firm had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. On average, equities research analysts forecast that Super Group will post 0.8 EPS for the current fiscal year.
Super Group (SGHC) Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. Super Group (SGHC)'s payout ratio is 27.78%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on SGHC shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Citigroup restated an "outperform" rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. BTIG Research upped their price target 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. Zacks Research downgraded shares of Super Group (SGHC) from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Benchmark lifted their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.71.
Get Our Latest Stock Analysis on SGHC
Super Group (SGHC) Profile
(
Free Report)
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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