Exchange Traded Concepts LLC lessened its stake in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,778 shares of the company's stock after selling 39,152 shares during the quarter. Exchange Traded Concepts LLC owned about 0.09% of Super Group (SGHC) worth $2,929,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC raised its position in Super Group (SGHC) by 105.6% during the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock valued at $908,000 after purchasing an additional 72,380 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Super Group (SGHC) by 6.3% during the 1st quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock worth $1,329,000 after buying an additional 12,261 shares in the last quarter. GAMMA Investing LLC raised its stake in Super Group (SGHC) by 4,606.6% during the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after acquiring an additional 4,192 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Super Group (SGHC) during the 4th quarter worth approximately $352,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Super Group (SGHC) during the 4th quarter worth approximately $327,000. Institutional investors and hedge funds own 5.09% of the company's stock.
Super Group (SGHC) Price Performance
NYSE SGHC traded up $0.02 on Wednesday, reaching $9.76. The company had a trading volume of 817,534 shares, compared to its average volume of 709,184. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 23.19 and a beta of 1.01. The business has a 50 day moving average of $8.41 and a two-hundred day moving average of $7.46. Super Group has a fifty-two week low of $2.91 and a fifty-two week high of $9.96.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $495.96 million during the quarter, compared to analysts' expectations of $423.91 million. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. As a group, research analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.
Super Group (SGHC) Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 59.26%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SGHC shares. Needham & Company LLC upped their price target on shares of Super Group (SGHC) from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Benchmark reaffirmed a "buy" rating and issued a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th. Craig Hallum set a $12.00 target price on Super Group (SGHC) in a report on Monday, May 19th. BTIG Research upped their target price on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Canaccord Genuity Group upped their price objective on Super Group (SGHC) from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Super Group (SGHC) has a consensus rating of "Buy" and an average price target of $11.83.
Read Our Latest Report on Super Group (SGHC)
Super Group (SGHC) 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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