Super Group (SGHC) (NYSE:SGHC) Sets New 1-Year High - Here's Why

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $11.44 and last traded at $11.39, with a volume of 2032463 shares. The stock had previously closed at $11.41.

Analyst Ratings Changes

Several equities research analysts recently commented on SGHC shares. Benchmark restated a "buy" rating and set a $12.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Craig Hallum set a $12.00 target price on Super Group (SGHC) in a research report on Monday, May 19th. BTIG Research upped their target price on Super Group (SGHC) from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Wall Street Zen lowered Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Finally, Canaccord Genuity Group increased their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $12.50.

Super Group (SGHC) Stock Up 5.3%

The company has a 50-day moving average of $9.32 and a 200 day moving average of $7.86. The firm has a market capitalization of $6.04 billion, a PE ratio of 44.44 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million during the quarter, compared to analysts' expectations of $423.91 million. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. As a group, equities analysts anticipate that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio is currently 59.26%.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds have recently added to or reduced their stakes in the stock. Gallacher Capital Management LLC purchased a new position in shares of Super Group (SGHC) in the 2nd quarter worth about $665,000. Rhumbline Advisers raised its position in shares of Super Group (SGHC) by 6.3% in the 1st quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock worth $1,329,000 after purchasing an additional 12,261 shares during the last quarter. Strs Ohio purchased a new position in shares of Super Group (SGHC) in the 1st quarter worth about $603,000. Acadian Asset Management LLC raised its position in shares of Super Group (SGHC) by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock worth $7,379,000 after purchasing an additional 459,485 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Super Group (SGHC) in the 1st quarter worth about $1,523,000. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Company Profile

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.