Hillsdale Investment Management Inc. Has $6.64 Million Stock Position in Super Group (SGHC) Limited $SGHC

Hillsdale Investment Management Inc. raised its holdings in Super Group (SGHC) Limited (NYSE:SGHC) by 68,636.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 604,880 shares of the company’s stock after acquiring an additional 604,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Super Group (SGHC) were worth $6,636,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Super Group (SGHC) by 30.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after acquiring an additional 168,622 shares during the period. Magnetar Financial LLC raised its holdings in shares of Super Group (SGHC) by 269.2% during the second quarter. Magnetar Financial LLC now owns 44,679 shares of the company’s stock valued at $490,000 after purchasing an additional 32,579 shares during the period. Intech Investment Management LLC grew its stake in shares of Super Group (SGHC) by 11.1% in the 2nd quarter. Intech Investment Management LLC now owns 134,803 shares of the company’s stock valued at $1,479,000 after buying an additional 13,503 shares during the period. Creative Planning increased its position in Super Group (SGHC) by 44.3% in the 2nd quarter. Creative Planning now owns 95,169 shares of the company’s stock valued at $1,044,000 after buying an additional 29,212 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Super Group (SGHC) by 416.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,061 shares of the company’s stock worth $604,000 after buying an additional 44,395 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SGHC shares. Needham & Company LLC boosted their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Macquarie reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. BTIG Research boosted their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, JMP Securities upped their target price on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the stock a “market outperform” rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Buy” and a consensus target price of $16.40.

Super Group (SGHC) Price Performance

SGHC opened at $11.60 on Friday. Super Group has a 1 year low of $5.45 and a 1 year high of $14.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 26.97 and a beta of 1.09. The firm’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $11.17.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. The company had revenue of $557.00 million for the quarter, compared to analyst estimates of $436.19 million. As a group, analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Thursday, September 18th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 18th. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 37.21%.

Super Group (SGHC) 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.