Mariner LLC Buys 44,589 Shares of Super Group Limited (NYSE:SGHC)

Mariner LLC raised its stake in shares of Super Group Limited (NYSE:SGHC - Free Report) by 83.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,915 shares of the company's stock after purchasing an additional 44,589 shares during the period. Mariner LLC's holdings in Super Group were worth $610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SGHC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Super Group in the fourth quarter valued at $66,000. Xponance Inc. bought a new position in shares of Super Group in the 4th quarter worth about $67,000. DGS Capital Management LLC acquired a new position in shares of Super Group in the 4th quarter valued at about $73,000. Fox Run Management L.L.C. acquired a new position in shares of Super Group in the 4th quarter valued at about $75,000. Finally, Cibc World Markets Corp bought a new stake in shares of Super Group during the 4th quarter valued at about $87,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Super Group Stock Down 0.6 %

SGHC stock traded down $0.05 during midday trading on Tuesday, reaching $8.76. 1,202,524 shares of the company's stock traded hands, compared to its average volume of 624,023. The firm's fifty day moving average price is $7.17 and its 200-day moving average price is $6.69. Super Group Limited has a 52 week low of $2.91 and a 52 week high of $8.86. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 146.02 and a beta of 1.01.

Super Group (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The company had revenue of $517.61 million during the quarter, compared to the consensus estimate of $413.00 million. Analysts forecast that Super Group Limited will post 0.29 earnings per share for the current year.

Super Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on SGHC shares. Benchmark reissued a "buy" rating and issued a $12.00 price target on shares of Super Group in a research note on Wednesday, April 16th. Oppenheimer increased their target price on shares of Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. BTIG Research began coverage on shares of Super Group in a research note on Friday, March 28th. They issued a "buy" rating and a $9.00 price target for the company. Needham & Company LLC increased their price objective on shares of Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their target price on Super Group from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Monday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $10.80.

Super Group 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.