100,237 Shares in Super Group (SGHC) Limited $SGHC Acquired by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. acquired 100,237 shares of Super Group (SGHC) Limited, valued at approximately $646,000, during the first quarter.
• Multiple institutional investors increased their stakes in Super Group, with Quarry LP increasing by 364.3% and GAMMA Investing LLC by 4,606.6% in the same period.
• Analysts have given Super Group stock a consensus rating of "Buy" with an average price target of $13.88, amid recent comments from equities research analysts.

Graham Capital Management L.P. purchased a new position in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,237 shares of the company's stock, valued at approximately $646,000.

A number of other hedge funds have also made changes to their positions in SGHC. Quarry LP raised its stake in shares of Super Group (SGHC) by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after acquiring an additional 3,129 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Super Group (SGHC) by 4,606.6% in the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after buying an additional 4,192 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Super Group (SGHC) by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after buying an additional 1,662 shares during the period. Signaturefd LLC boosted its holdings in shares of Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after buying an additional 2,662 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Super Group (SGHC) in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Price Performance

Shares of Super Group (SGHC) stock traded down $0.11 during trading on Wednesday, hitting $13.04. 5,245,632 shares of the company's stock traded hands, compared to its average volume of 1,299,911. The company has a market cap of $6.57 billion, a PE ratio of 48.37 and a beta of 1.09. The firm's fifty day moving average price is $11.44 and its 200 day moving average price is $9.23. Super Group has a twelve month low of $3.38 and a twelve month high of $13.47.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)'s payout ratio is presently 59.26%.

Analysts Set New Price Targets

A number of research firms have issued reports on SGHC. Wall Street Zen cut shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Benchmark increased 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. Canaccord Genuity Group lifted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a research report on Monday, May 19th. Finally, Citigroup assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued an "outperform" rating on the stock. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat.com, Super Group (SGHC) has an average rating of "Buy" and an average target price of $13.88.

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.