Insider Selling: Super Group (SGHC) (NYSE:SGHC) COO Sells 40,000 Shares

Key Points

• Super Group COO Kirsty Farrah Ross sold 40,000 shares at an average price of $14, generating $560,000. The sale reduced her direct ownership by 45.32% to 48,261 shares.
• SGHC shares recently traded at $13.47, down 0.5%, while the company reported quarterly revenue of $684 million that exceeded expectations but earnings per share of $0.22 slightly missed estimates.
• Analysts remain broadly positive, with seven Buy ratings and two Holds and a consensus price target of $18.71; Super Group also pays a quarterly dividend equivalent to a 1.5% annual yield.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) COO Kirsty Farrah Ross sold 40,000 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00. Following the completion of the sale, the chief operating officer directly owned 48,261 shares of the company's stock, valued at approximately $675,654. This trade represents a 45.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kirsty Farrah Ross also recently made the following trade(s):

• On Friday, July 31st, Kirsty Farrah Ross sold 54,551 shares of Super Group (SGHC) stock. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47.

Super Group (SGHC) Stock Down 0.5%

NYSE SGHC traded down $0.07 during trading on Tuesday, reaching $13.47. 2,680,431 shares of the company's stock traded hands, compared to its average volume of 3,000,171. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 18.63 and a beta of 1.06. The company's 50 day simple moving average is $14.02 and its two-hundred day simple moving average is $12.53.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $684.00 million during the quarter, compared to analysts' expectations of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. As a group, sell-side analysts forecast that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. Super Group (SGHC)'s payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SGHC shares. Needham & Company LLC increased their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Super Group (SGHC) from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Benchmark upped their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Citizens Jmp restated a "market outperform" rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research note on Monday. Finally, BTIG Research lifted their price target on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.71.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company's stock valued at $55,828,000 after acquiring an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Super Group (SGHC) by 4.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company's stock worth $55,444,000 after acquiring an additional 202,144 shares during the period. Millennium Management LLC raised its holdings in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Norges Bank purchased a new position in shares of Super Group (SGHC) during the fourth quarter worth $23,791,000. Finally, Vanguard Group Inc. raised its holdings in shares of Super Group (SGHC) by 8.3% during the third quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company's stock worth $26,255,000 after purchasing an additional 152,362 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Company 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.

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