Super Group (SGHC) Limited (NYSE:SGHC) Shares Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon Corp increased its stake in Super Group (SGHC) Limited by 21.3%, holding 360,842 shares valued at approximately $2.3 million.
• Several institutional investors, including Invesco Ltd. and Arrowstreet Capital, significantly boosted their positions in SGHC, indicating strong interest in the stock.
• Super Group recently declared a $0.04 quarterly dividend, with an annualized yield of 1.49% and a payout ratio of 59.26%.

Bank of New York Mellon Corp increased its holdings in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,842 shares of the company's stock after purchasing an additional 63,453 shares during the period. Bank of New York Mellon Corp owned approximately 0.07% of Super Group (SGHC) worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Super Group (SGHC) by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after purchasing an additional 4,192 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Super Group (SGHC) in the 4th quarter valued at about $30,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Super Group (SGHC) in the 4th quarter valued at about $87,000. Numerai GP LLC acquired a new stake in shares of Super Group (SGHC) in the fourth quarter valued at about $89,000. Finally, Summit Investment Advisors Inc. grew its position in shares of Super Group (SGHC) by 17.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company's stock valued at $98,000 after purchasing an additional 2,307 shares during the period. Hedge funds and other institutional investors own 5.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SGHC shares. Wall Street Zen upgraded shares of Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Citigroup initiated coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued an "outperform" rating on the stock. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Monday, May 19th. Finally, JMP Securities initiated coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $13.13.

Super Group (SGHC) Stock Down 0.7%

NYSE:SGHC traded down $0.08 during trading hours on Friday, reaching $10.68. 541,492 shares of the company's stock were exchanged, compared to its average volume of 1,062,369. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 39.54 and a beta of 1.09. Super Group has a 1-year low of $2.94 and a 1-year high of $12.18. The company has a 50-day moving average of $10.28 and a 200 day moving average of $8.47.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. Research analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s payout ratio is currently 59.26%.

About Super Group (SGHC)

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.