Super Group (SGHC) (NYSE:SGHC) General Counsel Martine Nathan Sells 4,761 Shares

Key Points

• General Counsel Martine Nathan sold 4,761 shares on April 8 at an average price of $10.71 (totaling ~$50,990), reducing her stake by 13.63% to 30,172 shares; the sale was disclosed in an SEC filing and was made to cover tax withholding on vested equity awards.
• Super Group raised its quarterly dividend from $0.04 to $0.05 (annualized $0.20), implying a ~2.0% yield and a payout ratio of 46.51%.
• Analysts and institutions show appetite for the stock: MarketBeat records an average analyst price target of $16.75 (consensus "Buy"), while large investors like Invesco, Arrowstreet, Millennium and Goldman materially increased their stakes recently.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) General Counsel Martine Nathan sold 4,761 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $50,990.31. Following the sale, the general counsel owned 30,172 shares of the company's stock, valued at approximately $323,142.12. The trade was a 13.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Super Group (SGHC) Stock Performance

SGHC traded down $0.34 during midday trading 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 company has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $11.20. The stock has a market cap of $5.16 billion, a P/E ratio of 23.82 and a beta of 1.05. Super Group has a twelve month low of $6.72 and a twelve month high of $14.38.

Super Group (SGHC) Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on SGHC. Weiss Ratings reiterated a "hold (c)" rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. BTIG Research decreased their price target on shares of Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. 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. Zacks Research raised shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 25th. Finally, Benchmark increased their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Super Group (SGHC) has an average rating of "Buy" and an average price target of $16.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Invesco Ltd. lifted its position in Super Group (SGHC) by 324.3% in the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company's stock worth $55,828,000 after purchasing an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Super Group (SGHC) by 97.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company's stock worth $58,575,000 after buying an additional 2,193,989 shares in the last quarter. Norges Bank bought a new stake in Super Group (SGHC) in the 4th quarter valued at $23,791,000. Millennium Management LLC raised its stake in shares of 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 buying an additional 1,532,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Super Group (SGHC) by 74.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company's stock valued at $22,946,000 after buying an additional 818,455 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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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