Super Group (SGHC) (NYSE:SGHC) Sets New 12-Month High - What's Next?

Key Points

• Super Group (SGHC) has reached a new 52-week high of $13.49, closing at $13.08 with over 4.4 million shares traded on the day.
• Analysts have expressed bullish sentiment with multiple upgrades; Canaccord Genuity raised their price target to $17.00 and the consensus rating for the stock is a "Buy" with an average target price of $14.22.
• Super Group announced a quarterly dividend of $0.04 per share, with a dividend yield of 1.2%, and is scheduled for payment on September 26th.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $13.49 and last traded at $13.08, with a volume of 4475325 shares trading hands. The stock had previously closed at $12.69.

Analyst Upgrades and Downgrades

SGHC has been the subject of several research reports. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research note on Thursday. JMP Securities initiated coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price objective for the company. Macquarie initiated coverage on shares of Super Group (SGHC) in a research note on Monday, September 15th. They issued an "outperform" rating and a $17.00 price objective for the company. Citizens Jmp assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price objective for the company. Finally, Needham & Company LLC raised their price target on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $15.30.

Super Group (SGHC) Stock Up 0.7%

The stock has a market capitalization of $5.93 billion, a P/E ratio of 45.27 and a beta of 1.09. The business's 50 day simple moving average is $11.63 and its two-hundred day simple moving average is $9.52.

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

Super Group (SGHC) Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 18th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 18th. Super Group (SGHC)'s dividend payout ratio (DPR) is 61.54%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SGHC. Nisa Investment Advisors LLC lifted its position in shares of Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock valued at $27,000 after purchasing an additional 1,396 shares in the last quarter. Quarry LP lifted its position in shares of Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after purchasing an additional 3,129 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Super Group (SGHC) by 4,606.6% during the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after purchasing an additional 4,192 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Super Group (SGHC) by 95.9% during the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after purchasing an additional 2,662 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

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.