Petrus Trust Company LTA Acquires New Position in Super Group (SGHC) Limited $SGHC

Key Points

• Petrus Trust Company LTA has acquired a new stake in Super Group (SGHC) Limited, purchasing 35,734 shares valued at approximately $230,000 in the first quarter.
• Super Group recently declared a quarterly dividend of $0.04 per share, reflecting an annualized yield of 1.2% and a payout ratio of 59.26%.
• The stock has experienced a notable rise, with shares trading up 4.0% recently, showcasing a significant fluctuation between a 1-year low of $3.38 and a high of $13.38.

Petrus Trust Company LTA bought a new stake in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,734 shares of the company's stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PharVision Advisers LLC acquired a new position in shares of Super Group (SGHC) during the 1st quarter valued at $71,000. Millennium Management LLC lifted its holdings in shares of Super Group (SGHC) by 127.2% during the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Super Group (SGHC) by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company's stock valued at $574,000 after acquiring an additional 3,783 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Super Group (SGHC) by 61.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 138,914 shares of the company's stock valued at $895,000 after acquiring an additional 52,974 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Super Group (SGHC) by 235.3% during the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company's stock valued at $1,082,000 after acquiring an additional 117,869 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark boosted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JMP Securities assumed coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price objective on the stock. Needham & Company LLC boosted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $13.88.

Super Group (SGHC) Stock Down 2.5%

Shares of SGHC traded down $0.32 during midday trading on Friday, hitting $12.64. The company had a trading volume of 4,433,771 shares, compared to its average volume of 2,878,868. The company's 50 day moving average price is $11.55 and its 200 day moving average price is $9.33. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 48.62 and a beta of 1.09. Super Group has a 52 week low of $3.44 and a 52 week high of $13.47.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. Equities analysts anticipate that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. Super Group (SGHC)'s payout ratio is presently 59.26%.

About Super Group (SGHC)

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.