Strs Ohio Purchases Shares of 93,600 Super Group (SGHC) Limited $SGHC

Key Points

• Strs Ohio has acquired a new stake in Super Group (SGHC) Limited, purchasing 93,600 shares valued at approximately $603,000 in the first quarter of 2023.
• The company has declared a $0.04 quarterly dividend, which translates to an annualized yield of 1.4%, with the payment scheduled for September 26th.
• Several institutional investors have also increased their positions, with Acadian Asset Management raising its stake by 66.7% during the same period, bringing its total ownership to over 1.1 million shares valued at around $7.4 million.

Strs Ohio purchased a new stake in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,600 shares of the company's stock, valued at approximately $603,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in shares of Super Group (SGHC) by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock valued at $7,379,000 after buying an additional 459,485 shares in the last quarter. Jane Street Group LLC purchased a new position in Super Group (SGHC) in the 1st quarter worth $1,523,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Super Group (SGHC) in the first quarter valued at about $483,000. Petrus Trust Company LTA purchased a new position in shares of Super Group (SGHC) in the first quarter valued at about $230,000. Finally, PharVision Advisers LLC purchased a new position in shares of Super Group (SGHC) in the first quarter valued at about $71,000. Hedge funds and other institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Trading Up 0.7%

Shares of SGHC opened at $11.77 on Friday. Super Group has a twelve month low of $3.44 and a twelve month high of $13.71. The company has a market cap of $5.93 billion, a P/E ratio of 45.27 and a beta of 1.09. The company's fifty day simple moving average is $11.63 and its 200-day simple moving average is $9.52.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.11 EPS 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 analysts' expectations of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. Analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 18th. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 61.54%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SGHC shares. Macquarie started coverage on shares of Super Group (SGHC) in a research report on Monday, September 15th. They issued an "outperform" rating and a $17.00 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 company a "buy" rating in a research report on Friday, August 8th. JMP Securities started coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set a "market outperform" rating and a $15.00 target price on the stock. Canaccord Genuity Group lifted their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Friday. Finally, Citizens Jmp started coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat, Super Group (SGHC) presently has an average rating of "Buy" and a consensus price target of $15.30.

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.

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