Super Group (SGHC) (NYSE:SGHC) Sets New 1-Year High - Here's What Happened

Key Points

• Super Group (SGHC) Limited reached a new 52-week high of $12.25 during trading, closing at $12.14, with a volume of over 3.5 million shares exchanged.
• Needham & Company and Benchmark both upgraded their target prices for SGHC to $15.00 and maintain a "buy" rating, while the average target price stands at $13.88.
• The company announced a quarterly dividend of $0.04 per share, yielding 1.3% annually, alongside a market capitalization of $6.11 billion.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) hit a new 52-week high during trading on Saturday . The company traded as high as $12.25 and last traded at $12.14, with a volume of 3581143 shares changing hands. The stock had previously closed at $11.64.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SGHC. Needham & Company LLC boosted their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Craig Hallum set a $12.00 target price on Super Group (SGHC) in a report on Monday, May 19th. Benchmark boosted their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JMP Securities began coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 target price for the company. Finally, Wall Street Zen lowered Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Super Group (SGHC) presently has an average rating of "Buy" and an average target price of $13.88.

Super Group (SGHC) Price Performance

The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 44.94 and a beta of 1.08. The business has a fifty day moving average price of $11.00 and a 200 day moving average price of $8.92.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.04 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. Super Group (SGHC)'s payout ratio is 59.26%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in shares of Super Group (SGHC) by 7.6% during the second quarter. American Century Companies Inc. now owns 5,209,707 shares of the company's stock worth $57,150,000 after buying an additional 368,691 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Super Group (SGHC) by 120.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock worth $24,612,000 after buying an additional 1,224,942 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Super Group (SGHC) by 7.9% during the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company's stock worth $20,717,000 after buying an additional 138,065 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Super Group (SGHC) by 58.1% during the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock worth $19,902,000 after buying 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

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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