Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) shares saw unusually-strong trading volume on Wednesday after the company announced a dividend. Approximately 5,629,681 shares changed hands during trading, an increase of 332% from the previous session's volume of 1,301,798 shares.The stock last traded at $13.02 and had previously closed at $13.15.The newly announced dividend which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is 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 presently 59.26%.
Analysts Set New Price Targets
Several equities analysts have issued reports on SGHC shares. Canaccord Genuity Group raised their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Benchmark increased their target price on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, JMP Securities initiated coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set a "market outperform" rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $13.88.
View Our Latest Stock Analysis on Super Group (SGHC)
Super Group (SGHC) Price Performance
The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 48.14 and a beta of 1.09. The stock's 50-day moving average is $11.44 and its 200 day moving average is $9.23.
Institutional Investors Weigh In On Super Group (SGHC)
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Super Group (SGHC) by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 5,209,707 shares of the company's stock valued at $57,150,000 after acquiring an additional 368,691 shares during the period. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Super Group (SGHC) by 120.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock worth $24,612,000 after purchasing an additional 1,224,942 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Super Group (SGHC) by 7.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company's stock worth $20,717,000 after purchasing an additional 138,065 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Super Group (SGHC) by 58.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock worth $19,902,000 after purchasing an additional 667,571 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.
Super Group (SGHC) Company Profile
(
Get Free Report)
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.
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