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

Key Points

• Super Group (SGHC) Limited's shares reached a new 52-week high at $13.47 before closing at $13.01, with a trading volume of over 6.6 million shares.
• Analysts have raised their price targets for SGHC, with several firms setting objectives between $15.00 and $17.00, indicating a generally positive outlook for the stock.
• The company declared a quarterly dividend of $0.04 per share, yielding 1.2%, with payment scheduled for September 26th.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $13.47 and last traded at $13.01, with a volume of 6605722 shares changing hands. The stock had previously closed at $13.15.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC increased their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Benchmark increased their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, August 7th. JMP Securities assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price objective on the stock. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a report on Monday, May 19th. Finally, Canaccord Genuity Group increased their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $13.88.

Super Group (SGHC) Trading Down 1.1%

The business has a 50 day moving average of $11.49 and a 200-day moving average of $9.26. The stock has a market cap of $6.55 billion, a PE ratio of 48.17 and a beta of 1.09.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 18th. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 59.26%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock worth $27,000 after buying an additional 1,396 shares during the last quarter. Quarry LP grew its stake in Super Group (SGHC) by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after buying an additional 3,129 shares during the last quarter. GAMMA Investing LLC lifted its position in Super Group (SGHC) by 4,606.6% during the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after acquiring an additional 4,192 shares during the period. Pacer Advisors Inc. lifted its position in Super Group (SGHC) by 56.6% during the 1st 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 period. Finally, Signaturefd LLC lifted its position in Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after acquiring an additional 2,662 shares during the period. Hedge funds and other institutional investors own 5.09% of the company's stock.

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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