Super Group (SGHC) Limited (NYSE:SGHC) Announces Quarterly Dividend of $0.05

Super Group (SGHC) Limited (NYSE:SGHC) announced a quarterly dividend on Friday, September 4th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 22nd.

Super Group (SGHC) has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Super Group (SGHC) to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 22.7%.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $12.68 on Friday. The business’s fifty day moving average is $13.85 and its 200 day moving average is $12.90. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock has a market cap of $6.41 billion, a P/E ratio of 17.53 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The business had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. Sell-side analysts anticipate that Super Group will post 0.8 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Alon Ben – David sold 23,300 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $13.79, for a total transaction of $321,307.00. Following the completion of the sale, the chief technology officer directly owned 7,814 shares of the company’s stock, valued at approximately $107,755.06. This trade represents a 74.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Kirsty Ross sold 54,551 shares of Super Group (SGHC) stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $762,077.47. Following the sale, the chief operating officer owned 88,261 shares in the company, valued at $1,233,006.17. This trade represents a 38.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 188,943 shares of company stock worth $2,636,538 in the last quarter. 10.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Super Group (SGHC)

Several large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Super Group (SGHC) during the 4th quarter worth $23,791,000. Bank of America Corp DE boosted its holdings in shares of Super Group (SGHC) by 172.5% in the 1st quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after buying an additional 733,073 shares during the last quarter. Prospect Capital Advisors LLC grew its position in Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after buying an additional 313,100 shares during the period. Findell Capital Management LLC grew its position in Super Group (SGHC) by 40.3% during the fourth quarter. Findell Capital Management LLC now owns 940,000 shares of the company’s stock valued at $11,233,000 after buying an additional 269,901 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in Super Group (SGHC) by 1.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 650,030 shares of the company’s stock valued at $7,768,000 after buying an additional 11,300 shares during the period. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company’s principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.