Quantbot Technologies LP Has $486,000 Stake in Super Group (SGHC) Limited $SGHC

Key Points

• Quantbot Technologies LP increased its stake in Super Group (SGHC) Limited by 58.4% during the 1st quarter, owning 75,394 shares valued at $486,000.
• Super Group announced a quarterly dividend of $0.04 per share, with a yield of 1.3%, and a payout ratio of 59.26%.
• Analysts have largely rated Super Group with a consensus of "Buy", with several firms raising their target prices to between $15.00 and $17.00.

Quantbot Technologies LP boosted its holdings in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 58.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,394 shares of the company's stock after buying an additional 27,792 shares during the quarter. Quantbot Technologies LP's holdings in Super Group (SGHC) were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Super Group (SGHC) by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after acquiring an additional 4,192 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after purchasing an additional 1,662 shares during the period. Aquatic Capital Management LLC purchased a new position in Super Group (SGHC) in the 4th quarter worth about $30,000. Signaturefd LLC raised its holdings in 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 purchased a new stake in Super Group (SGHC) during the first quarter valued at about $37,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Trading Down 2.6%

NYSE SGHC traded down $0.32 on Friday, reaching $11.64. The stock had a trading volume of 3,021,312 shares, compared to its average volume of 1,990,592. Super Group has a 1 year low of $3.29 and a 1 year high of $12.37. The business has a 50 day moving average price of $11.22 and a 200 day moving average price of $9.05. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 43.09 and a beta of 1.09.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.04 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.4%. Super Group (SGHC)'s dividend payout ratio is currently 59.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Needham & Company LLC lifted 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 Friday, August 8th. Wall Street Zen downgraded shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Canaccord Genuity Group raised their target price 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. Finally, Citizens Jmp initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.