Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) announced a quarterly dividend on Tuesday, June 17th, Wall Street Journal reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.04 per share on Monday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, June 23rd.
Super Group (SGHC) has a payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Super Group (SGHC) to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 32.7%.
Super Group (SGHC) Stock Down 1.2%
Shares of SGHC traded down $0.12 on Friday, hitting $9.66. 496,965 shares of the stock traded hands, compared to its average volume of 708,473. Super Group has a 1 year low of $2.91 and a 1 year high of $10.05. The stock's 50 day moving average is $8.53 and its two-hundred day moving average is $7.50. The firm has a market capitalization of $4.86 billion, a P/E ratio of 35.78 and a beta of 1.01.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. Research analysts forecast that Super Group will post 0.29 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SGHC. Needham & Company LLC raised their price objective on Super Group (SGHC) from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. BTIG Research lifted their price target on shares of Super Group (SGHC) from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Monday, May 19th. Canaccord Genuity Group upped their price target on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, Benchmark reissued a "buy" rating and issued a $12.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Super Group (SGHC) currently has a consensus rating of "Buy" and an average target price of $11.83.
Get Our Latest Stock Report on Super Group (SGHC)
Institutional Investors Weigh In On Super Group (SGHC)
Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after acquiring an additional 1,532,666 shares during the period. Jane Street Group LLC acquired a new position in shares of Super Group (SGHC) during the first quarter valued at $1,523,000. AQR Capital Management LLC increased its holdings in shares of Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company's stock valued at $1,082,000 after purchasing an additional 117,869 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Super Group (SGHC) by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company's stock valued at $574,000 after purchasing an additional 3,783 shares in the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.
Super Group (SGHC) Company Profile
(
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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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