Super Group (SGHC) Limited $SGHC Shares Sold by Calamos Advisors LLC

Key Points

• Calamos Advisors cut its Super Group stake by 59.8% in the third quarter, selling 224,910 shares; it retained 151,076 shares worth about $1.72 million. Institutional investors collectively own 5.09% of the company.
• Super Group reported quarterly earnings of $0.28 per share, beating the $0.19 consensus, while revenue of $611 million fell short of analysts’ $623.5 million estimate.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $17.20. The company’s annualized dividend is $0.20 per share, a yield of about 1.7%.

Calamos Advisors LLC trimmed its holdings in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 59.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,076 shares of the company's stock after selling 224,910 shares during the quarter. Calamos Advisors LLC's holdings in Super Group (SGHC) were worth $1,715,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in shares of Super Group (SGHC) by 840.3% in the 3rd quarter. Sterling Capital Management LLC now owns 5,416 shares of the company's stock valued at $61,000 after acquiring an additional 4,840 shares during the period. Independent Financial Group LLC purchased a new stake in shares of Super Group (SGHC) during the 1st quarter worth $114,000. Baron Wealth Management LLC purchased a new stake in shares of Super Group (SGHC) during the 2nd quarter worth $158,000. PNC Financial Services Group Inc. lifted its stake in shares of Super Group (SGHC) by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company's stock worth $141,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Super Group (SGHC) during the 1st quarter worth $284,000. Institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $11.51 on Tuesday. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The stock has a fifty day moving average price of $11.96 and a 200-day moving average price of $12.18. The company has a current ratio of 2.34, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.82 billion, a PE ratio of 14.15 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Super Group (SGHC) had a return on equity of 49.92% and a net margin of 16.74%. The firm had revenue of $611.00 million during the quarter, compared to analysts' expectations of $623.50 million. Equities research analysts predict that Super Group will post 0.92 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. Super Group (SGHC)'s dividend payout ratio (DPR) is 24.69%.

Insider Activity

In other Super Group (SGHC) news, CTO Alon Ben - David sold 23,300 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the completion of the sale, the chief technology officer owned 7,814 shares of the company's stock, valued at approximately $107,755.06. This trade represents a 74.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kirsty Ross sold 2,724 shares of Super Group (SGHC) stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $10.74, for a total transaction of $29,255.76. Following the completion of the sale, the chief operating officer owned 51,316 shares of the company's stock, valued at $551,133.84. This trade represents a 5.04% decrease in their ownership of the stock. 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. In the last three months, insiders sold 66,024 shares of company stock valued at $910,563. Corporate insiders own 10.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Benchmark lifted their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. BTIG Research decreased their price target on shares of Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, November 4th. Zacks Research upgraded shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 5th. Wall Street Zen raised shares of Super Group (SGHC) from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.20.

Super Group (SGHC) Company Profile

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.