Super Group (SGHC) (NYSE:SGHC) Hits New 52-Week 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) reached a new 52-week high on Thursday . The stock 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.

Analyst Ratings Changes

SGHC has been the topic of several analyst reports. Wall Street Zen downgraded Super Group (SGHC) from a "buy" rating to a "hold" rating in a research report on Saturday. Needham & Company LLC lifted their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, August 8th. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Canaccord Genuity Group lifted their target price on Super Group (SGHC) from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Citizens Jmp assumed coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and a consensus price target of $14.22.

Super Group (SGHC) Price Performance

The company has a market capitalization of $6.73 billion, a PE ratio of 51.37 and a beta of 1.09. The business has a 50-day moving average of $11.58 and a 200 day moving average of $9.39.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The firm had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. As a group, research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 18th. Super Group (SGHC)'s payout ratio is presently 61.54%.

Institutional Investors Weigh In On Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its stake in Super Group (SGHC) by 321.6% during the second quarter. Squarepoint Ops LLC now owns 625,421 shares of the company's stock worth $6,861,000 after acquiring an additional 477,084 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Super Group (SGHC) by 19.5% during the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company's stock worth $164,000 after acquiring an additional 2,432 shares during the last quarter. Teza Capital Management LLC bought a new stake in Super Group (SGHC) during the second quarter worth approximately $121,000. Lazard Asset Management LLC increased its stake in Super Group (SGHC) by 8.3% during the second quarter. Lazard Asset Management LLC now owns 294,410 shares of the company's stock worth $3,229,000 after acquiring an additional 22,646 shares during the last quarter. Finally, Engineers Gate Manager LP increased its stake in Super Group (SGHC) by 106.5% during the second quarter. Engineers Gate Manager LP now owns 146,679 shares of the company's stock worth $1,609,000 after acquiring an additional 75,648 shares during the last quarter. 5.09% of the stock is owned by institutional investors.

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.