Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.44 and last traded at $10.15, with a volume of 1994254 shares trading hands. The stock had previously closed at $9.87.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and set a $12.00 price objective on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. Canaccord Genuity Group upped their price target on Super Group (SGHC) from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Needham & Company LLC upped their price target on Super Group (SGHC) from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. BTIG Research upped their price target on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Craig Hallum set a $12.00 price target on Super Group (SGHC) in a research note on Monday, May 19th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Super Group (SGHC) presently has a consensus rating of "Buy" and a consensus price target of $11.83.
Read Our Latest Research Report on Super Group (SGHC)
Super Group (SGHC) Stock Performance
The company has a fifty day moving average of $8.87 and a two-hundred day moving average of $7.65. The company has a market cap of $5.58 billion, a PE ratio of 41.09 and a beta of 1.02.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The company had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. On average, equities analysts forecast that Super Group will post 0.29 EPS for the current year.
Super Group (SGHC) Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 23rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.16 annualized dividend and a yield of 1.44%. Super Group (SGHC)'s payout ratio is presently 59.26%.
Institutional Trading of Super Group (SGHC)
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in Super Group (SGHC) by 6.3% in the first quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock worth $1,329,000 after purchasing an additional 12,261 shares during the period. Strs Ohio purchased a new stake in Super Group (SGHC) in the first quarter worth $603,000. Acadian Asset Management LLC increased its stake in Super Group (SGHC) by 66.7% in the first quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock worth $7,379,000 after purchasing an additional 459,485 shares during the period. Jane Street Group LLC bought a new position in shares of Super Group (SGHC) during the 1st quarter worth $1,523,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Super Group (SGHC) during the 1st quarter worth $483,000. Hedge funds and other institutional investors own 5.09% of the company's stock.
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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