715,541 Shares in Super Group (SGHC) Limited $SGHC Acquired by Nuveen LLC

Key Points

• Nuveen LLC has made a significant investment of $4.61 million in Super Group (SGHC) Limited, acquiring approximately 715,541 shares and representing a 0.14% ownership in the company.
• Equities analysts have a consensus rating of "Buy" on SGHC shares, with an average price target of $13.88 and some analysts forecasting a target as high as $15.00.
• Super Group (SGHC) recently declared a $0.04 quarterly dividend, which translates to an annualized yield of 1.3% based on the current payout ratio of 59.26%.

Nuveen LLC bought a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 715,541 shares of the company's stock, valued at approximately $4,608,000. Nuveen LLC owned 0.14% of Super Group (SGHC) at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SGHC. GAMMA Investing LLC raised its position 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 valued at $28,000 after purchasing an additional 4,192 shares in the last quarter. Pacer Advisors Inc. boosted its position in Super Group (SGHC) by 56.6% in the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after buying an additional 1,662 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Super Group (SGHC) in the fourth quarter valued at approximately $30,000. Signaturefd LLC boosted its position in Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after buying an additional 2,662 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Super Group (SGHC) in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Price Performance

Shares of NYSE SGHC traded down $0.32 during trading on Friday, reaching $11.64. 3,021,312 shares of the stock traded hands, compared to its average volume of 1,924,101. The stock has a market capitalization of $5.86 billion, a P/E ratio of 43.09 and a beta of 1.08. The company has a 50-day moving average of $11.22 and a 200-day moving average of $9.04. Super Group has a 52-week low of $3.29 and a 52-week high of $12.37.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s payout ratio is presently 59.26%.

Wall Street Analysts Forecast Growth

SGHC has been the topic of several analyst reports. Wall Street Zen cut shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Benchmark raised their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. JMP Securities assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price target for the company. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a report on Monday, May 19th. Finally, BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.88.

Super Group (SGHC) 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.