Super Group Limited (NYSE:SGHC) Plans $0.04 Quarterly Dividend

Super Group Limited (NYSE:SGHC - Get Free Report) declared a quarterly dividend on Tuesday, June 17th, Wall Street Journal reports. Investors of record on Monday, June 23rd will be given a dividend of 0.04 per share on Monday, June 30th. This represents a $0.16 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, June 23rd.

Super Group has a payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Super Group 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 Stock Down 1.4%

Shares of NYSE:SGHC traded down $0.14 during midday trading on Tuesday, hitting $9.74. The stock had a trading volume of 779,549 shares, compared to its average volume of 703,564. The company's 50-day moving average price is $8.36 and its 200-day moving average price is $7.45. Super Group has a fifty-two week low of $2.91 and a fifty-two week high of $9.96. The company has a market capitalization of $4.90 billion, a P/E ratio of 162.28 and a beta of 1.01.

Super Group (NYSE:SGHC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. Research analysts expect that Super Group will post 0.29 EPS for the current fiscal year.

Institutional Trading of Super Group

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Super Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company's stock worth $574,000 after purchasing an additional 3,783 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Super Group by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company's stock worth $1,082,000 after purchasing an additional 117,869 shares during the period. Jane Street Group LLC acquired a new stake in Super Group in the 1st quarter valued at $1,523,000. Finally, Millennium Management LLC grew its holdings in shares of Super Group by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SGHC. BTIG Research boosted their target price on shares of Super Group from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Needham & Company LLC upped their price objective on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Craig Hallum set a $12.00 target price on shares of Super Group in a research report on Monday, May 19th. Benchmark reaffirmed a "buy" rating and set a $12.00 price target on shares of Super Group in a research note on Wednesday, April 16th. Finally, Canaccord Genuity Group increased their price objective on Super Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $11.83.

About Super Group

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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