Gabelli Funds LLC Lowers Holdings in Super Group Limited (NYSE:SGHC)

Gabelli Funds LLC reduced its stake in Super Group Limited (NYSE:SGHC - Free Report) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,000 shares of the company's stock after selling 55,000 shares during the period. Gabelli Funds LLC's holdings in Super Group were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SGHC. Helikon Investments Ltd grew its stake in shares of Super Group by 82.5% in the 4th quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company's stock worth $20,148,000 after buying an additional 1,462,418 shares during the last quarter. Invesco Ltd. raised its stake in Super Group by 500.9% during the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after buying an additional 1,245,185 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Super Group by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after acquiring an additional 1,018,664 shares during the period. JPMorgan Chase & Co. grew its position in Super Group by 332.8% during the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock valued at $6,118,000 after buying an additional 755,044 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Super Group by 19.4% in the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock worth $27,120,000 after purchasing an additional 707,723 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SGHC. BTIG Research started coverage on shares of Super Group in a research note on Friday, March 28th. They set a "buy" rating and a $9.00 target price on the stock. Oppenheimer lifted their price target on Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Benchmark restated a "buy" rating and issued a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Needham & Company LLC upped their price objective on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their target price on shares of Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $10.60.

Super Group Price Performance

Shares of SGHC stock traded down $0.07 during mid-day trading on Friday, hitting $7.93. 122,807 shares of the stock traded hands, compared to its average volume of 609,636. The stock has a market cap of $3.99 billion, a P/E ratio of 131.86 and a beta of 1.05. The stock's fifty day moving average is $7.13 and its two-hundred day moving average is $6.44. Super Group Limited has a 52-week low of $2.90 and a 52-week high of $8.51.

Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. Super Group had a return on equity of 15.40% and a net margin of 2.25%. The company had revenue of $517.61 million during the quarter, compared to analysts' expectations of $413.00 million. As a group, equities analysts forecast that Super Group Limited will post 0.29 EPS for the current fiscal year.

Super Group Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group's dividend payout ratio is presently 66.67%.

Super Group 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.