Neal Menashe Sells 78,530 Shares of Super Group (SGHC) (NYSE:SGHC) Stock

Key Points

• CEO Neal Menashe sold 78,530 shares on April 8 at an average price of $10.71 for $841,056 to cover tax withholding on vested awards, leaving him with 676,334 shares — a 10.4% decrease in his ownership.
• Dividend increased to $0.05 per quarter (annualized $0.20) for a yield of about 2.0%, up from the prior $0.04 quarterly payout.
• The stock trades near $10.24 while Wall Street has a consensus Buy rating with a $16.75 price target, suggesting notable upside relative to the current price (52‑week range $6.72–$14.38).

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) CEO Neal Menashe sold 78,530 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $841,056.30. Following the completion of the sale, the chief executive officer directly owned 676,334 shares of the company's stock, valued at approximately $7,243,537.14. This represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Super Group (SGHC) Price Performance

Shares of NYSE SGHC traded down $0.34 during mid-day trading on Friday, reaching $10.24. 2,691,532 shares of the company traded hands, compared to its average volume of 2,641,861. Super Group has a fifty-two week low of $6.72 and a fifty-two week high of $14.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $5.16 billion, a PE ratio of 23.82 and a beta of 1.05. The stock has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $11.20.

Super Group (SGHC) Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, March 16th. This is an increase from Super Group (SGHC)'s previous quarterly dividend of $0.04. Super Group (SGHC)'s dividend payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SGHC shares. Weiss Ratings reissued a "hold (c)" rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Wall Street Zen cut Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Monday, January 12th. BTIG Research lowered their target price on Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Zacks Research upgraded shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 25th. Finally, Benchmark upped their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.75.

Institutional Investors Weigh In On Super Group (SGHC)

A number of institutional investors and hedge funds have recently modified their holdings of SGHC. CIBC Private Wealth Group LLC bought a new stake in shares of Super Group (SGHC) during the 4th quarter worth $28,000. SBI Securities Co. Ltd. raised its position in shares of Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company's stock worth $36,000 after purchasing an additional 2,716 shares during the period. Wealthspire Advisors LLC purchased a new stake in shares of Super Group (SGHC) during the fourth quarter valued at $120,000. Teza Capital Management LLC acquired a new position in shares of Super Group (SGHC) in the 2nd quarter valued at $121,000. Finally, Cibc World Markets Corp acquired a new position in shares of Super Group (SGHC) in the 4th quarter valued at $126,000. Institutional investors and hedge funds own 5.09% of the company's stock.

About Super Group (SGHC)

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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