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

Key Points

• Super Group (SGHC) shares reached a new 52-week high at $13.80, with an average rating of "Buy" from analysts and a price target of $15.40.
• The company reported a quarterly revenue of $579 million, surpassing analyst estimates, although its earnings per share (EPS) fell short of expectations at $0.11.
• Super Group also declared a quarterly dividend of $0.04 per share, with a dividend yield of 1.2% and a payout ratio of 61.54%.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $13.80 and last traded at $13.76, with a volume of 648302 shares traded. The stock had previously closed at $13.20.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SGHC. Macquarie assumed coverage on Super Group (SGHC) in a report on Monday, September 15th. They issued an "outperform" rating and a $17.00 price target on the stock. Citigroup reiterated an "outperform" rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Citizens Jmp assumed coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price objective on the stock. Benchmark boosted their price objective on shares of Super Group (SGHC) from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Finally, JMP Securities increased their target price on Super Group (SGHC) from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $15.40.

Super Group (SGHC) Stock Up 3.5%

The firm has a fifty day moving average price of $11.85 and a 200-day moving average price of $9.83. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 52.54 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The business had revenue of $579.00 million for the quarter, compared to analyst estimates of $503.00 million. Equities research analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Thursday, September 18th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Super Group (SGHC)'s dividend payout ratio (DPR) is 61.54%.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds have recently made changes to their positions in SGHC. Nisa Investment Advisors LLC boosted its holdings in Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock valued at $27,000 after acquiring an additional 1,396 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Super Group (SGHC) by 56.6% in the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after acquiring an additional 1,662 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Super Group (SGHC) by 19.5% in the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company's stock valued at $164,000 after acquiring an additional 2,432 shares during the last quarter. Signaturefd LLC boosted its holdings in Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after acquiring an additional 2,662 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Super Group (SGHC) by 8.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 36,666 shares of the company's stock valued at $402,000 after acquiring an additional 2,776 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

About Super Group (SGHC)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.