Super Group (SGHC) (NYSE:SGHC) Sets New 1-Year High – Here’s What Happened

Super Group (SGHC) Limited (NYSE:SGHC) hit a new 52-week high during trading on Saturday . The company traded as high as $12.25 and last traded at $12.14, with a volume of 3581143 shares trading hands. The stock had previously closed at $11.64.

Analysts Set New Price Targets

A number of research analysts recently commented on SGHC shares. BTIG Research restated a “buy” rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. JMP Securities started coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a “market outperform” rating and a $15.00 target price for the company. Needham & Company LLC upped their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Citizens Jmp started coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 target price for the company. Finally, Wall Street Zen lowered Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $13.88.

Super Group (SGHC) Stock Up 4.3%

The business has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $8.92. The stock has a market capitalization of $6.11 billion, a P/E ratio of 44.94 and a beta of 1.08.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)’s dividend payout ratio is 59.26%.

Institutional Trading of Super Group (SGHC)

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in Super Group (SGHC) in the first quarter valued at $526,000. BNP Paribas Financial Markets bought a new stake in Super Group (SGHC) in the fourth quarter valued at $369,000. SG Americas Securities LLC grew its position in Super Group (SGHC) by 105.6% in the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company’s stock valued at $908,000 after acquiring an additional 72,380 shares during the period. Nuveen Asset Management LLC grew its position in Super Group (SGHC) by 50.6% in the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company’s stock valued at $4,252,000 after acquiring an additional 229,211 shares during the period. Finally, Fiera Capital Corp bought a new stake in shares of Super Group (SGHC) during the first quarter worth $3,878,000. 5.09% of the stock is currently owned by institutional investors.

About Super Group (SGHC)

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.