Super Group (SGHC) (NYSE:SGHC) CFO Sells $547,323.84 in Stock

Key Points

• CFO Wyk Alinda Van sold 51,104 shares at an average price of $10.71 for $547,323.84 to cover tax withholding from vested equity; the sale, disclosed in an SEC filing, left the CFO with 78,837 shares (a 39.33% reduction).
• Super Group increased its quarterly dividend to $0.05 (annualized $0.20), yielding about 2.0% and up from the prior $0.04 quarterly payment, with a payout ratio of roughly 46.5%.
• Analyst sentiment is positive—the consensus rating is "Buy" with a $16.75 price target versus the recent trade near $10.24, and the stock has a market cap of about $5.16 billion (P/E ~23.8).

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) CFO Wyk Alinda Van sold 51,104 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $547,323.84. Following the sale, the chief financial officer directly owned 78,837 shares of the company's stock, valued at approximately $844,344.27. This represents a 39.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Super Group (SGHC) Stock Performance

NYSE SGHC traded down $0.34 during trading hours on Friday, reaching $10.24. The company's stock had a trading volume of 2,691,532 shares, compared to its average volume of 2,641,861. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $11.20. Super Group has a 52 week low of $6.72 and a 52 week high of $14.38. The stock has a market cap of $5.16 billion, a PE ratio of 23.82 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

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

Hedge Funds Weigh In On Super Group (SGHC)

Several large investors have recently bought and sold shares of SGHC. AQR Capital Management LLC boosted its holdings in shares of Super Group (SGHC) by 235.3% in the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company's stock valued at $1,082,000 after acquiring an additional 117,869 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Super Group (SGHC) by 4.4% in the first 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 during the period. Millennium Management LLC boosted its stake in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Super Group (SGHC) during the 1st quarter valued at $1,523,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Super Group (SGHC) by 30.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company's stock worth $7,928,000 after buying an additional 168,622 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SGHC shares. Benchmark boosted their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Monday, January 12th. BTIG Research lowered their price target on shares of Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, February 24th. Finally, Zacks Research raised shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $16.75.

Super Group (SGHC) Company Profile

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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