Petrus Trust Company LTA Purchases Shares of 35,734 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 position 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 Securities & Exchange Commission. The institutional investor bought 35,734 shares of the company's stock, valued at approximately $230,000.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Super Group (SGHC) during the first quarter worth $526,000. BNP Paribas Financial Markets acquired a new position in Super Group (SGHC) in the fourth quarter valued at about $369,000. State of Wyoming lifted its stake in Super Group (SGHC) by 31.9% in the first quarter. State of Wyoming now owns 93,970 shares of the company's stock valued at $605,000 after buying an additional 22,715 shares during the period. SG Americas Securities LLC lifted its stake in Super Group (SGHC) by 105.6% in the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock valued at $908,000 after buying an additional 72,380 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of Super Group (SGHC) by 50.6% during the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock worth $4,252,000 after purchasing an additional 229,211 shares during the period. Institutional investors own 5.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SGHC. Benchmark raised their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Wall Street Zen downgraded Super Group (SGHC) from a "buy" rating to a "hold" rating in a report on Saturday. Canaccord Genuity Group increased their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, JMP Securities assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a "market outperform" rating and a $15.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $13.88.

Super Group (SGHC) Trading Up 1.8%

NYSE SGHC traded up $0.23 during midday trading on Monday, hitting $12.87. The company had a trading volume of 810,589 shares, compared to its average volume of 1,340,214. The company has a market capitalization of $6.48 billion, a PE ratio of 49.33 and a beta of 1.09. The firm has a 50-day moving average price of $11.55 and a 200-day moving average price of $9.35. Super Group has a twelve month low of $3.44 and a twelve month high of $13.47.

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

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Super Group (SGHC)'s payout ratio is currently 61.54%.

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.