Insider Selling: Super Group (SGHC) (NYSE:SGHC) COO Sells $29,255.76 in Stock

Super Group (SGHC) Limited (NYSE:SGHC) COO Kirsty Ross sold 2,724 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $10.74, for a total value of $29,255.76. Following the completion of the sale, the chief operating officer owned 51,316 shares of the company’s stock, valued at $551,133.84. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kirsty Farrah Ross also recently made the following trade(s):

• On Friday, August 28th, Kirsty Ross sold 40,000 shares of Super Group (SGHC) stock. The stock was sold at an average price of $14.00, for a total value of $560,000.00.

Super Group (SGHC) Trading Up 2.2%

Super Group (SGHC) stock traded up $0.24 during trading on Wednesday, reaching $11.45. 10,573,035 shares of the company were exchanged, compared to its average volume of 3,024,023. The stock’s 50 day simple moving average is $12.16 and its two-hundred day simple moving average is $12.14. The company has a market capitalization of $5.79 billion, a P/E ratio of 15.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. Super Group has a 52-week low of $8.46 and a 52-week high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. The company had revenue of $611.00 million during the quarter, compared to analysts’ expectations of $623.50 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. On average, equities research analysts expect that Super Group will post 0.80 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 22nd. Super Group (SGHC)’s payout ratio is currently 27.78%.

Trending Headlines about Super Group (SGHC)

Here are the key news stories impacting Super Group (SGHC) this week:

• Positive Sentiment: Q3 earnings were $0.28 per share, ahead of the $0.19 consensus estimate and up from $0.19 a year earlier. The company also reported revenue growth of 10%, supporting the view that its casino-led business remains resilient. Super Group Q3 financial results
• Positive Sentiment: Super Group announced a $150 million share buyback, which could support per-share value and signal confidence in the business. Share buyback announcement
• Neutral Sentiment: Management plans to attend upcoming investor conferences, providing an opportunity to discuss the company’s outlook but no new financial guidance was included in the announcement. Investor conference announcement
• Negative Sentiment: Q3 revenue of $611 million came in below the $623.5 million consensus estimate. Coverage also reported that sports results prompted a guidance revision, tempering the earnings beat. Revenue growth and guidance revision
• Negative Sentiment: BTIG cut its price target from $19 to $16. The firm maintained a Buy rating, but the reduction indicates a more cautious valuation outlook. BTIG analyst ratings

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Weiss Ratings downgraded shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Citizens Jmp reaffirmed a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research note on Monday, August 31st. Wall Street Zen lowered shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Benchmark increased their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGHC. Bank of America Corp DE raised its position in Super Group (SGHC) by 172.5% in the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock valued at $12,508,000 after purchasing an additional 733,073 shares during the period. Prospect Capital Advisors LLC grew its holdings in shares of Super Group (SGHC) by 42.9% during the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after purchasing an additional 313,100 shares during the period. Anson Funds Management LP grew its holdings in shares of Super Group (SGHC) by 108.3% during the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock worth $5,737,000 after purchasing an additional 276,214 shares during the period. Sei Investments Co. grew its holdings in shares of Super Group (SGHC) by 3.3% during the 1st quarter. Sei Investments Co. now owns 410,386 shares of the company’s stock worth $4,432,000 after purchasing an additional 13,048 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Super Group (SGHC) during the 1st quarter worth about $2,662,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group (SGHC)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.