Super Group (SGHC) (NYSE:SGHC) Insider Kirsty Farrah Ross Sells 47,391 Shares

Key Points

• Insider sale: Kirsty Farrah Ross sold 47,391 shares at an average of $10.71 on April 8 to cover tax withholding for vested awards, generating about $507,558 and reducing her stake by 32.82% to 96,984 shares.
• Dividend increase: Super Group raised its quarterly dividend from $0.04 to $0.05 (annualized $0.20), yielding about 2.0% with a payout ratio near 46.5%.
• Market and analyst context: Shares traded down roughly 3.2% to $10.24 (market cap ≈ $5.16B), while analysts hold a consensus Buy rating with a $16.75 target.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) insider Kirsty Farrah Ross sold 47,391 shares of the company's 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 $507,557.61. Following the completion of the sale, the insider owned 96,984 shares in the company, valued at $1,038,698.64. The trade was a 32.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Super Group (SGHC) Trading Down 3.2%

Super Group (SGHC) stock traded down $0.34 during mid-day trading on Friday, hitting $10.24. 2,691,532 shares of the stock were exchanged, compared to its average volume of 2,641,861. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 12 month low of $6.72 and a 12 month high of $14.38. The firm's fifty day simple moving average is $10.21 and its two-hundred day simple moving average is $11.20. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 23.82 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.0%. This is a boost from Super Group (SGHC)'s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. Super Group (SGHC)'s dividend payout ratio is currently 46.51%.

Hedge Funds Weigh In On Super Group (SGHC)

A number of institutional investors have recently modified their holdings of SGHC. DGS Capital Management LLC lifted its holdings in shares of Super Group (SGHC) by 38.1% in the 4th quarter. DGS Capital Management LLC now owns 64,569 shares of the company's stock worth $772,000 after purchasing an additional 17,808 shares in the last quarter. Invesco Ltd. increased its stake in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company's stock valued at $55,828,000 after purchasing an additional 3,570,825 shares in the last quarter. Susquehanna Portfolio Strategies LLC increased its stake in Super Group (SGHC) by 781.3% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 341,034 shares of the company's stock valued at $4,075,000 after purchasing an additional 302,336 shares in the last quarter. Prospect Capital Advisors LLC acquired a new position in Super Group (SGHC) during the fourth quarter worth $8,712,000. Finally, Millennium Management LLC raised its holdings in Super Group (SGHC) by 21.3% during the fourth quarter. Millennium Management LLC now owns 1,480,937 shares of the company's stock worth $17,697,000 after buying an additional 260,272 shares during the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on SGHC shares. Wall Street Zen lowered shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Monday, January 12th. BTIG Research decreased their price target on Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Benchmark upped their target price 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. Finally, Zacks Research raised Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and a consensus target price of $16.75.

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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