Super Group (SGHC) Limited $SGHC Position Reduced by Calamos Advisors LLC

Key Points

• Calamos Advisors LLC cut its stake in Super Group by 25.1%, selling 81,976 shares and leaving it with 244,951 shares valued at about $2.93 million at quarter-end.
• Company insiders sold a total of 181,786 shares (≈$1.95M) in the last 90 days—including Kirsty Farrah Ross and CFO Wyk Alinda Van—to cover tax withholding, while insiders still own 10.41% of the stock.
• Wall Street holds a consensus "Buy" on SGHC with an average target of $16.75, and the firm recently raised its quarterly dividend to $0.05 (annualized $0.20, ~1.6% yield).

Calamos Advisors LLC cut its position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 244,951 shares of the company's stock after selling 81,976 shares during the quarter. Calamos Advisors LLC's holdings in Super Group (SGHC) were worth $2,927,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SGHC. Ninety One UK Ltd acquired a new position in shares of Super Group (SGHC) in the 4th quarter valued at about $4,987,000. Abacus FCF Advisors LLC acquired a new position in shares of Super Group (SGHC) in the 3rd quarter valued at about $4,869,000. Algert Global LLC increased its holdings in shares of Super Group (SGHC) by 2,639.6% in the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company's stock valued at $9,677,000 after purchasing an additional 706,349 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Super Group (SGHC) in the 4th quarter valued at about $1,509,000. Finally, Zweig DiMenna Associates LLC acquired a new position in Super Group (SGHC) in the 3rd quarter valued at approximately $8,217,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Super Group (SGHC)

In related news, insider Kirsty Farrah Ross sold 47,391 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $507,557.61. Following the transaction, the insider owned 96,984 shares of the company's stock, valued at approximately $1,038,698.64. This trade represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 51,104 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $547,323.84. Following the transaction, the chief financial officer directly owned 78,837 shares in the company, valued at approximately $844,344.27. The trade was a 39.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 181,786 shares of company stock worth $1,946,928 in the last ninety days. Insiders own 10.41% of the company's stock.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $12.53 on Monday. The firm has a market cap of $6.34 billion, a PE ratio of 28.93 and a beta of 1.05. The firm's 50 day moving average price is $10.77 and its 200 day moving average price is $11.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 1.94. Super Group has a twelve month low of $7.86 and a twelve month high of $14.38.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings data on Friday, April 17th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 9.77% and a return on equity of 40.15%. As a group, research analysts expect that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 16th. This is a boost from Super Group (SGHC)'s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 1.6%. Super Group (SGHC)'s payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

SGHC has been the subject of a number of research analyst reports. BTIG Research reiterated a "buy" rating and issued a $16.00 target price on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Benchmark increased their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $16.75.

Super Group (SGHC) Profile

Super Group NYSE: SGHC is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.