Super Group (SGHC) (NYSE:SGHC) Releases Quarterly Earnings Results, Meets Expectations

Super Group (SGHC) (NYSE:SGHC) announced its quarterly earnings data on Monday. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17, Zacks reports. Super Group (SGHC) had a net margin of 9.77% and a return on equity of 40.15%. The company had revenue of $612.00 million during the quarter, compared to the consensus estimate of $566.06 million.

Super Group (SGHC) Stock Performance

Super Group (SGHC) stock traded up $0.39 during midday trading on Tuesday, reaching $13.57. The stock had a trading volume of 4,600,591 shares, compared to its average volume of 2,926,854. The firm has a market capitalization of $6.86 billion, a PE ratio of 32.00 and a beta of 1.11. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $11.30 and its 200 day moving average price is $11.02. Super Group has a 12 month low of $8.12 and a 12 month high of $14.38.

Super Group (SGHC) Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.05 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 46.51%.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, CEO Neal Menashe sold 78,530 shares of the business’s 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 sale, the chief executive officer owned 676,334 shares of the company’s stock, valued at $7,243,537.14. The trade was a 10.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kirsty Farrah Ross sold 47,391 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $507,557.61. Following the completion of the transaction, the insider directly owned 96,984 shares of the company’s stock, valued at $1,038,698.64. The trade was a 32.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 181,786 shares of company stock worth $1,946,928. 10.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Group (SGHC)

A number of large investors have recently made changes to their positions in SGHC. CIBC Private Wealth Group LLC purchased a new position in Super Group (SGHC) during the 4th quarter valued at about $28,000. Wealthspire Advisors LLC purchased a new position in Super Group (SGHC) during the 4th quarter valued at about $120,000. Cibc World Markets Corp purchased a new position in Super Group (SGHC) during the 4th quarter valued at about $126,000. Landscape Capital Management L.L.C. purchased a new position in Super Group (SGHC) during the 3rd quarter valued at about $141,000. Finally, Teza Capital Management LLC purchased a new position in Super Group (SGHC) during the 2nd quarter valued at about $121,000. 5.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. BTIG Research restated a “buy” rating and issued a $16.00 target price on shares of Super Group (SGHC) in a report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Wall Street Zen lowered shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Benchmark raised their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Super Group (SGHC) Company Profile

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.