Dynamic Technology Lab Private Ltd Acquires Shares of 75,030 Super Group (SGHC) Limited $SGHC

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $483,000 in Super Group (SGHC) Limited, acquiring 75,030 shares of the company in Q1.
• Several other institutional investors also increased their stakes in Super Group, with Millennium Management LLC boosting its holdings by 127.2%.
• Super Group's stock received positive ratings from multiple research firms, with a target price set at $15.00 and an average rating of "Buy".

Dynamic Technology Lab Private Ltd acquired a new position in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 75,030 shares of the company's stock, valued at approximately $483,000.

Several other hedge funds have also bought and sold shares of SGHC. Petrus Trust Company LTA purchased a new position in Super Group (SGHC) in the 1st quarter worth approximately $230,000. PharVision Advisers LLC purchased a new position in Super Group (SGHC) in the first quarter worth $71,000. Millennium Management LLC increased its stake in Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after acquiring an additional 1,532,666 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Super Group (SGHC) by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company's stock valued at $574,000 after purchasing an additional 3,783 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Super Group (SGHC) by 61.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 138,914 shares of the company's stock worth $895,000 after purchasing an additional 52,974 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research note on Saturday. Benchmark upped their price target on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Canaccord Genuity Group raised their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Craig Hallum set a $12.00 price target on Super Group (SGHC) in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Super Group (SGHC) presently has an average rating of "Buy" and an average target price of $13.88.

Super Group (SGHC) Trading Down 2.5%

Super Group (SGHC) stock traded down $0.32 on Friday, hitting $12.64. 4,433,771 shares of the stock traded hands, compared to its average volume of 2,878,868. The business's fifty day simple moving average is $11.55 and its 200 day simple moving average is $9.34. The firm has a market cap of $6.36 billion, a P/E ratio of 48.62 and a beta of 1.09. Super Group has a 1 year low of $3.44 and a 1 year high of $13.47.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (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 business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. As a group, analysts predict that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 18th. Super Group (SGHC)'s payout ratio is currently 61.54%.

Super Group (SGHC) Company 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.