Russell Investments Group Ltd. boosted its stake in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 576.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,239 shares of the company's stock after acquiring an additional 138,264 shares during the quarter. Russell Investments Group Ltd.'s holdings in Super Group (SGHC) were worth $1,045,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Super Group (SGHC) during the first quarter worth approximately $526,000. BNP Paribas Financial Markets acquired a new position in shares of Super Group (SGHC) during the 4th quarter worth about $369,000. SG Americas Securities LLC boosted its position in shares of Super Group (SGHC) by 105.6% during the 1st quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock worth $908,000 after acquiring an additional 72,380 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Super Group (SGHC) by 50.6% during the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock worth $4,252,000 after acquiring an additional 229,211 shares in the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of Super Group (SGHC) during the 1st quarter worth about $3,878,000. 5.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on SGHC shares. Wall Street Zen cut Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Citigroup started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued an "outperform" rating for the company. JMP Securities started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 target price for the company. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Finally, Citizens Jmp started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and a consensus target price of $13.88.
View Our Latest Stock Analysis on SGHC
Super Group (SGHC) Stock Down 6.0%
Shares of SGHC stock traded down $0.70 during mid-day trading on Tuesday, hitting $10.93. 1,101,048 shares of the company's stock were exchanged, compared to its average volume of 1,181,235. Super Group has a fifty-two week low of $3.29 and a fifty-two week high of $12.37. The stock has a 50-day simple moving average of $11.26 and a two-hundred day simple moving average of $9.08. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 40.41 and a beta of 1.09.
Super Group (SGHC) Announces Dividend
The company also recently announced 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 1.5%. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 59.26%.
About Super Group (SGHC)
(
Free Report)
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.
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