Super Group (SGHC) (NYSE:SGHC) Trading 4.4% Higher - Still a Buy?

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report)'s share price was up 4.4% during trading on Wednesday . The stock traded as high as $10.22 and last traded at $10.31. Approximately 384,593 shares changed hands during trading, a decline of 47% from the average daily volume of 719,558 shares. The stock had previously closed at $9.87.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SGHC. Needham & Company LLC lifted their price target on Super Group (SGHC) from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Benchmark restated a "buy" rating and set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Craig Hallum set a $12.00 target price on Super Group (SGHC) in a research note on Monday, May 19th. BTIG Research upped their price objective on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Canaccord Genuity Group increased their target price on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Super Group (SGHC) presently has an average rating of "Buy" and an average price target of $11.83.

Super Group (SGHC) Price Performance

The company has a 50-day moving average of $8.68 and a two-hundred day moving average of $7.56. The company has a market capitalization of $5.07 billion, a PE ratio of 37.31 and a beta of 1.01.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.59%. Super Group (SGHC)'s dividend payout ratio is currently 59.26%.

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds have recently modified their holdings of the business. Millennium Management LLC grew its holdings in Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Invesco Ltd. increased its position in Super Group (SGHC) by 500.9% during the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after buying an additional 1,245,185 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Super Group (SGHC) by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after buying an additional 1,018,664 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Super Group (SGHC) by 332.8% in the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after acquiring an additional 755,044 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Super Group (SGHC) during the first quarter worth about $4,608,000. Hedge funds and other institutional investors own 5.09% of the company's stock.

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.

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