Super Group (SGHC) Limited (NYSE:SGHC) Shares Bought by XTX Topco Ltd

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 boosted its position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 477.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,183 shares of the company's stock after buying an additional 57,201 shares during the quarter. XTX Topco Ltd's holdings in Super Group (SGHC) were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in Super Group (SGHC) during the first quarter valued at $37,000. Fiera Capital Corp acquired a new stake in Super Group (SGHC) during the first quarter valued at $3,878,000. Mackenzie Financial Corp grew its position in Super Group (SGHC) by 349.9% during the first quarter. Mackenzie Financial Corp now owns 254,318 shares of the company's stock valued at $1,638,000 after buying an additional 197,795 shares during the period. Pacer Advisors Inc. grew its position in Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after buying an additional 1,662 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Super Group (SGHC) during the first quarter valued at $529,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Trading Down 3.7%

NYSE:SGHC opened at $10.40 on Friday. The company's 50-day moving average price is $10.49 and its 200-day moving average price is $8.64. The company has a market cap of $5.23 billion, a P/E ratio of 38.50 and a beta of 1.08. Super Group has a twelve month low of $2.94 and a twelve month high of $12.18.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. On average, analysts expect that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 59.26%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SGHC shares. Wall Street Zen raised shares of Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. JMP Securities started coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They set a "market outperform" rating and a $15.00 price objective on the stock. Citizens Jmp started coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price objective on the stock. Benchmark increased their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday. Finally, Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a report on Monday, May 19th. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Super Group (SGHC) has an average rating of "Buy" and a consensus price target of $13.75.

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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