Exchange Traded Concepts LLC Sells 193,485 Shares of Super Group (SGHC) Limited $SGHC

Key Points

• Exchange Traded Concepts LLC cut its stake in Super Group (SGHC) by 42.3% in Q4, selling 193,485 shares and now holds 263,906 shares (about 0.05% of the company) valued at roughly $3.15 million.
• Super Group raised its quarterly dividend to $0.05 (annualized $0.20) from $0.04, implying a 1.9% yield and a payout ratio around 46.5%.
• Shares opened near $10.81 (up 4.2%), the company has a market cap of about $5.44B, and analysts have an average rating of Buy with a $16.75 price target.

Exchange Traded Concepts LLC cut its position in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 42.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,906 shares of the company's stock after selling 193,485 shares during the quarter. Exchange Traded Concepts LLC owned about 0.05% of Super Group (SGHC) worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its position in shares of Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company's stock valued at $36,000 after purchasing an additional 2,716 shares in the last quarter. Scotia Capital Inc. purchased a new stake in shares of Super Group (SGHC) in the second quarter worth $113,000. Teza Capital Management LLC purchased a new stake in shares of Super Group (SGHC) in the second quarter worth $121,000. Pacer Advisors Inc. boosted its stake in Super Group (SGHC) by 78.9% during the third quarter. Pacer Advisors Inc. now owns 10,352 shares of the company's stock valued at $137,000 after buying an additional 4,567 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in Super Group (SGHC) during the third quarter valued at $141,000. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Stock Up 4.2%

Shares of NYSE:SGHC opened at $10.81 on Wednesday. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. The firm has a fifty day moving average of $10.10 and a 200 day moving average of $11.27. The firm has a market capitalization of $5.44 billion, a PE ratio of 25.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75.

Super Group (SGHC) Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.9%. This is an increase from Super Group (SGHC)'s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, March 16th. Super Group (SGHC)'s dividend payout ratio is presently 46.51%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Monday, January 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. BTIG Research cut their price objective on Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Zacks Research upgraded shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 25th. Finally, Benchmark raised their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $16.75.

Super Group (SGHC) Company Profile

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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