Trexquant Investment LP Acquires 340,658 Shares of Super Group (SGHC) Limited $SGHC

Key Points

• Trexquant Investment LP significantly increased its stake in Super Group (SGHC) Limited by 465.7% during the first quarter, owning approximately $2.67 million worth of shares.
• Several institutional investors, including Allspring Global Investments and BNP Paribas Financial Markets, have recently entered stakes or increased their positions in the company.
• Wall Street analysts have a consensus rating of "Buy" on Super Group (SGHC), with price targets raised by various firms, indicating a positive outlook for the stock's performance.

Trexquant Investment LP increased its holdings in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 465.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,801 shares of the company's stock after acquiring an additional 340,658 shares during the period. Trexquant Investment LP owned about 0.08% of Super Group (SGHC) worth $2,665,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after acquiring an additional 1,662 shares in the last quarter. Signaturefd LLC raised its stake in shares of Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Super Group (SGHC) by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock worth $531,000 after purchasing an additional 2,997 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Super Group (SGHC) by 7.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock worth $260,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Principal Street Partners LLC raised its stake in shares of Super Group (SGHC) by 22.7% during the 4th quarter. Principal Street Partners LLC now owns 21,576 shares of the company's stock worth $134,000 after purchasing an additional 3,993 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group (SGHC) Trading Up 6.0%

SGHC stock traded up $0.72 during trading on Friday, hitting $12.64. The company had a trading volume of 4,316,715 shares, compared to its average volume of 2,155,691. The company has a fifty day moving average price of $11.37 and a two-hundred day moving average price of $9.17. The company has a market cap of $6.36 billion, a P/E ratio of 46.80 and a beta of 1.09. Super Group has a fifty-two week low of $3.29 and a fifty-two week high of $12.66.

Super Group (SGHC) Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a research note on Monday, May 19th. Needham & Company LLC raised their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wall Street Zen lowered Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, JMP Securities began 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. Two analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $13.88.

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.