Counterpoint Mutual Funds LLC Takes Position in Super Group (SGHC) Limited $SGHC

Key Points

• Counterpoint Mutual Funds LLC has taken a new position in Super Group (SGHC) Limited, acquiring 218,496 shares valued at approximately $2.4 million, which constitutes about 0.2% of its portfolio.
• Super Group reported a quarterly EPS of $0.11, missing the consensus estimate of $0.13, but exceeded revenue expectations with $579 million for the quarter.
• The company recently declared a $0.04 quarterly dividend, representing an annualized dividend of $0.16, with a yield of 1.2% and a payout ratio of 61.54%.

Counterpoint Mutual Funds LLC bought a new stake in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 218,496 shares of the company's stock, valued at approximately $2,397,000. Super Group (SGHC) makes up about 0.2% of Counterpoint Mutual Funds LLC's portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Super Group (SGHC) by 11.2% in the first quarter. American Century Companies Inc. now owns 4,841,016 shares of the company's stock valued at $31,176,000 after acquiring an additional 487,895 shares in the last quarter. Millennium Management LLC boosted its holdings in Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after buying an additional 1,532,666 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Super Group (SGHC) by 66.7% during the first quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock worth $7,379,000 after buying an additional 459,485 shares in the last quarter. Nuveen LLC purchased a new stake in Super Group (SGHC) during the first quarter worth about $4,608,000. Finally, Nuveen Asset Management LLC boosted its holdings in Super Group (SGHC) by 50.6% during the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock worth $4,252,000 after buying an additional 229,211 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Stock Performance

Shares of SGHC stock opened at $12.92 on Tuesday. Super Group has a one year low of $3.44 and a one year high of $13.71. The company has a 50 day moving average price of $11.66 and a 200 day moving average price of $9.58. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 49.67 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The company had revenue of $579.00 million for the quarter, compared to analyst estimates of $503.00 million. As a group, equities analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.2%. Super Group (SGHC)'s dividend payout ratio is 61.54%.

Wall Street Analyst Weigh In

SGHC has been the topic of a number of research analyst reports. Benchmark boosted their price objective on shares of Super Group (SGHC) from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. JMP Securities boosted their price objective on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Monday. Macquarie initiated coverage on shares of Super Group (SGHC) in a report on Monday, September 15th. They set an "outperform" rating and a $17.00 price objective on the stock. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a report on Thursday. Finally, Needham & Company LLC restated a "buy" rating and set a $15.00 target price on shares of Super Group (SGHC) in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $15.40.

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.

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