Super Group (SGHC) Limited $SGHC Holdings Lifted by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its ownership in Super Group (SGHC) Limited by 11.2%, acquiring an additional 487,895 shares, bringing its total stake to approximately 4.84 million shares worth $31.18 million.
• Multiple institutional investors made substantial increases in their holdings of SGHC, with Fox Run Management increasing its position by 401.0% and Russell Investments Group boosting theirs by 576.7% in the 1st quarter.
• Super Group (SGHC) recently declared a quarterly dividend of $0.04 per share, resulting in a 1.4% dividend yield and a payout ratio of 59.26%.

American Century Companies Inc. grew its stake in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,841,016 shares of the company's stock after purchasing an additional 487,895 shares during the quarter. American Century Companies Inc. owned approximately 0.96% of Super Group (SGHC) worth $31,176,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Super Group (SGHC) in the 1st quarter valued at about $526,000. BNP Paribas Financial Markets acquired a new stake in shares of Super Group (SGHC) in the 4th quarter valued at about $369,000. SG Americas Securities LLC raised its stake in shares of Super Group (SGHC) by 105.6% in the 1st quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock valued at $908,000 after purchasing an additional 72,380 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Super Group (SGHC) by 50.6% in the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after purchasing an additional 229,211 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Super Group (SGHC) in the 1st quarter valued at about $529,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Stock Down 0.6%

NYSE SGHC traded down $0.07 on Wednesday, hitting $12.23. The stock had a trading volume of 602,120 shares, compared to its average volume of 1,152,837. Super Group has a one year low of $3.26 and a one year high of $12.37. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 45.36 and a beta of 1.08. The company's 50-day moving average is $11.09 and its two-hundred day moving average is $8.97.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a $0.04 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.16 annualized dividend and a yield of 1.3%. Super Group (SGHC)'s dividend payout ratio is 59.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. JMP Securities initiated coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "market outperform" rating and a $15.00 target price on the stock. Citigroup initiated coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set an "outperform" rating for the company. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Monday, May 19th. Finally, Citizens Jmp initiated 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. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $13.88.

About Super Group (SGHC)

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.