Super Group (SGHC) (NYSE:SGHC) Reaches New 12-Month High – Still a Buy?

Super Group (SGHC) Limited (NYSE:SGHC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.38 and last traded at $14.3450, with a volume of 1977140 shares changing hands. The stock had previously closed at $13.97.

Analyst Ratings Changes

Several research firms have commented on SGHC. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. BTIG Research reaffirmed a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a report on Thursday, April 16th. Citizens Jmp boosted their target price on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

Super Group (SGHC) Trading Up 0.1%

The stock has a market cap of $7.35 billion, a PE ratio of 30.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The company has a 50 day moving average of $13.26 and a two-hundred day moving average of $11.52.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The company had revenue of $578.00 million for the quarter. Sell-side analysts anticipate that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is presently 41.67%.

Insiders Place Their Bets

In other Super Group (SGHC) news, CEO Neal Menashe sold 78,530 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $841,056.30. Following the transaction, the chief executive officer directly owned 676,334 shares of the company’s stock, valued at $7,243,537.14. This trade represents a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total transaction of $1,080,066.90. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 285,987 shares of company stock worth $3,356,733. Corporate insiders own 10.41% of the company’s stock.

Institutional Investors Weigh In On Super Group (SGHC)

A number of large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC purchased a new stake in shares of Super Group (SGHC) in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. raised its stake in Super Group (SGHC) by 119.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after purchasing an additional 3,244 shares during the period. Independent Financial Group LLC acquired a new position in Super Group (SGHC) in the 1st quarter valued at about $114,000. Wealthspire Advisors LLC acquired a new position in Super Group (SGHC) in the 4th quarter valued at about $120,000. Finally, Teza Capital Management LLC acquired a new position in Super Group (SGHC) in the 2nd quarter valued at about $121,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.