Super Group (SGHC) (NYSE:SGHC) Sets New 52-Week High - Time to Buy?

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $11.35 and last traded at $11.32, with a volume of 843673 shares changing hands. The stock had previously closed at $10.92.

Analyst Ratings Changes

A number of research firms have issued reports on SGHC. Needham & Company LLC increased their price objective on Super Group (SGHC) from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. BTIG Research lifted their target price on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Monday, May 19th. Benchmark restated a "buy" rating and set a $12.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. Finally, Canaccord Genuity Group raised their target price on Super Group (SGHC) from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $11.83.

Super Group (SGHC) Stock Performance

The business's fifty day simple moving average is $9.12 and its 200-day simple moving average is $7.75. The firm has a market capitalization of $5.63 billion, a PE ratio of 41.43 and a beta of 1.09.

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

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio (DPR) is 59.26%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quarry LP raised its stake in Super Group (SGHC) by 364.3% in the first quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after buying an additional 3,129 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 worth $28,000 after purchasing an additional 4,192 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Super Group (SGHC) in the 4th quarter worth about $30,000. Pacer Advisors Inc. increased 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 worth $30,000 after acquiring an additional 1,662 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Super Group (SGHC) by 95.9% in the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after buying an additional 2,662 shares during the period. 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.