Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 4,617 call options on the company. This is an increase of approximately 196% compared to the typical volume of 1,558 call options.
Hedge Funds Weigh In On Super Group (SGHC)
Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock worth $27,000 after purchasing an additional 1,396 shares in the last quarter. Quarry LP increased its stake in Super Group (SGHC) by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after purchasing an additional 3,129 shares in the last quarter. GAMMA Investing LLC increased its stake in Super Group (SGHC) by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after purchasing an additional 4,192 shares in the last quarter. Pacer Advisors Inc. increased 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 purchasing an additional 1,662 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Super Group (SGHC) by 95.9% in 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. Hedge funds and other institutional investors own 5.09% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. BTIG Research reissued a "buy" rating and set a $14.00 price target on shares of Super Group (SGHC) in a research report on Thursday, September 18th. Canaccord Genuity Group boosted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a report on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of Super Group (SGHC) in a report on Monday. Finally, UBS Group set a $18.00 price target on Super Group (SGHC) in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, Super Group (SGHC) has a consensus rating of "Buy" and a consensus price target of $15.40.
Read Our Latest Research Report on SGHC
Super Group (SGHC) Price Performance
Shares of SGHC traded up $0.18 during midday trading on Wednesday, reaching $13.30. The stock had a trading volume of 547,135 shares, compared to its average volume of 1,471,647. Super Group has a 52 week low of $3.44 and a 52 week high of $13.71. The firm's 50 day moving average price is $11.69 and its 200-day moving average price is $9.60. The company has a market capitalization of $6.69 billion, a P/E ratio of 51.08 and a beta of 1.09.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The firm had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. On average, equities analysts forecast that Super Group will post 0.29 earnings per share for the current year.
Super Group (SGHC) Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be given a $0.04 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. Super Group (SGHC)'s dividend payout ratio (DPR) is 61.54%.
Super Group (SGHC) Company Profile
(
Get Free Report)
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.
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