XTX Topco Ltd Has $446,000 Position in Super Group (SGHC) Limited (NYSE:SGHC)

Key Points

• XTX Topco Ltd increased its holdings in Super Group (SGHC) Limited by 477.4% in the first quarter, owning a total of 69,183 shares worth $446,000.
• Super Group (SGHC) reported quarterly earnings of $0.12 per share, exceeding the estimated $0.09, and had a revenue of $495.96 million.
• The company declared a quarterly dividend of $0.04 per share, with a dividend yield of 1.5% and a payout ratio of 59.26%.

XTX Topco Ltd raised its holdings in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 477.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,183 shares of the company's stock after acquiring an additional 57,201 shares during the quarter. XTX Topco Ltd's holdings in Super Group (SGHC) were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SGHC. Invesco Ltd. raised its holdings in Super Group (SGHC) by 500.9% during the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after buying an additional 1,245,185 shares during the period. Millennium Management LLC raised its holdings in Super Group (SGHC) by 66.1% during the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock worth $7,505,000 after buying an additional 479,440 shares during the period. JPMorgan Chase & Co. raised its holdings in Super Group (SGHC) by 332.8% during the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after buying an additional 755,044 shares during the period. Northern Trust Corp raised its holdings in Super Group (SGHC) by 7.2% during the 4th quarter. Northern Trust Corp now owns 967,038 shares of the company's stock worth $6,025,000 after buying an additional 65,168 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings 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 buying an additional 229,211 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SGHC. Canaccord Genuity Group boosted 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. Benchmark boosted their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Craig Hallum set a $12.00 target price on Super Group (SGHC) in a report on Monday, May 19th. JMP Securities initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 target price on the stock. Finally, Citizens Jmp initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $13.88.

Super Group (SGHC) Stock Up 0.1%

Shares of SGHC traded up $0.02 during trading hours on Tuesday, reaching $10.83. The company's stock had a trading volume of 371,521 shares, compared to its average volume of 1,090,562. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 40.13 and a beta of 1.08. Super Group has a 1-year low of $3.03 and a 1-year high of $12.18. The company has a 50 day moving average of $10.57 and a two-hundred day moving average of $8.72.

Super Group (SGHC) Announces Dividend

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 1.5%. Super Group (SGHC)'s dividend payout ratio is currently 59.26%.

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.