Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) saw an uptick in trading volume on Wednesday after the company announced a dividend. 5,629,681 shares traded hands during mid-day 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.3%. Super Group (SGHC)'s payout ratio is 61.54%.
Analysts Set New Price Targets
A number of research firms have recently commented on SGHC. Macquarie began coverage on Super Group (SGHC) in a report on Monday. They set an "outperform" rating and a $17.00 price target for the company. Canaccord Genuity Group boosted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Needham & Company LLC boosted their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, JMP Securities assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a "market outperform" rating and a $15.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $14.22.
Read Our Latest Report on Super Group (SGHC)
Super Group (SGHC) Price Performance
The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 48.92 and a beta of 1.09. The stock has a fifty day moving average of $11.55 and a two-hundred day moving average of $9.35.
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 for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The company had revenue of $579.00 million during the quarter, compared to analyst estimates of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. On average, research analysts forecast that Super Group will post 0.29 EPS for the current year.
Hedge Funds Weigh In On Super Group (SGHC)
Several hedge funds and other institutional investors have recently bought and sold shares of SGHC. Northern Trust Corp lifted its holdings in Super Group (SGHC) by 7.2% in the fourth quarter. Northern Trust Corp now owns 967,038 shares of the company's stock valued at $6,025,000 after buying an additional 65,168 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Super Group (SGHC) in the fourth quarter valued at $87,000. Ameriprise Financial Inc. acquired a new position in Super Group (SGHC) in the fourth quarter valued at $122,000. BNP Paribas Financial Markets acquired a new position in Super Group (SGHC) in the fourth quarter valued at $369,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Super Group (SGHC) by 64.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 34,641 shares of the company's stock valued at $216,000 after buying an additional 13,588 shares during the period. Institutional investors and hedge funds own 5.09% of the company's stock.
Super Group (SGHC) Company Profile
(
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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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