Cubist Systematic Strategies LLC acquired a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,878 shares of the company's stock, valued at approximately $1,629,000. Cubist Systematic Strategies LLC owned approximately 0.05% of Super Group (SGHC) at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Graham Capital Management L.P. acquired a new position in Super Group (SGHC) during the first quarter worth $646,000. Quarry LP raised its stake in Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after acquiring an additional 3,129 shares in the last quarter. Magnetar Financial LLC acquired a new position in Super Group (SGHC) during the first quarter worth $78,000. State of Wyoming raised its stake in Super Group (SGHC) by 31.9% during the first quarter. State of Wyoming now owns 93,970 shares of the company's stock worth $605,000 after acquiring an additional 22,715 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in Super Group (SGHC) by 465.7% during the first quarter. Trexquant Investment LP now owns 413,801 shares of the company's stock worth $2,665,000 after acquiring an additional 340,658 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on SGHC. Wall Street Zen lowered Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Canaccord Genuity Group raised their target price on Super Group (SGHC) from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Benchmark raised their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Citigroup began coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued an "outperform" rating for the company. Finally, Craig Hallum set a $12.00 target price on Super Group (SGHC) in a research note on Monday, May 19th. Two analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $13.88.
Check Out Our Latest Stock Analysis on Super Group (SGHC)
Super Group (SGHC) Trading Down 1.1%
Super Group (SGHC) stock traded down $0.15 during mid-day trading on Wednesday, hitting $13.01. The stock had a trading volume of 6,605,722 shares, compared to its average volume of 1,309,140. The stock has a 50-day simple moving average of $11.44 and a two-hundred day simple moving average of $9.23. The stock has a market capitalization of $6.55 billion, a PE ratio of 48.17 and a beta of 1.09. Super Group has a 12 month low of $3.38 and a 12 month high of $13.47.
Super Group (SGHC) Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be issued a $0.04 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.2%. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 59.26%.
Super Group (SGHC) Company Profile
(
Free Report)
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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