State of Wyoming Has $605,000 Stake in Super Group (SGHC) Limited $SGHC

Key Points

• The State of Wyoming increased its stake in Super Group (SGHC) Limited by 31.9%, owning 93,970 shares worth $605,000 as of the latest quarterly filing.
• Super Group's stock currently has a consensus rating of "Buy" with a price target averaging $13.88, and several analysts have set higher price objectives.
• The company recently announced a quarterly dividend of $0.04 per share, representing an annualized yield of 1.4%.

State of Wyoming boosted its position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 31.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,970 shares of the company's stock after acquiring an additional 22,715 shares during the period. State of Wyoming's holdings in Super Group (SGHC) were worth $605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Super Group (SGHC) during the 1st quarter worth $526,000. BNP Paribas Financial Markets acquired a new position in Super Group (SGHC) during the 4th quarter worth $369,000. SG Americas Securities LLC lifted its position in 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 during the last quarter. Nuveen Asset Management LLC lifted its position in 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 during the last quarter. Finally, Cetera Investment Advisers acquired a new position in Super Group (SGHC) during the 1st quarter worth $529,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SGHC shares. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Monday, May 19th. Citigroup started coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set an "outperform" rating for the company. Citizens Jmp started coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price objective for the company. Benchmark upped their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC upped their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.88.

Super Group (SGHC) Stock Down 2.6%

NYSE SGHC opened at $11.64 on Friday. The stock has a market cap of $5.86 billion, a P/E ratio of 43.09 and a beta of 1.08. The company's 50-day simple moving average is $11.22 and its 200 day simple moving average is $9.04. Super Group has a twelve month low of $3.29 and a twelve month high of $12.37.

Super Group (SGHC) Announces Dividend

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

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.

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