Super Group (SGHC) (NYSE:SGHC) Stock Price Down 5.9% – Should You Sell?

Super Group (SGHC) Limited (NYSE:SGHC) shares traded down 5.9% during trading on Wednesday . The stock traded as low as $10.94 and last traded at $10.92. 526,624 shares were traded during trading, a decline of 68% from the average session volume of 1,671,107 shares. The stock had previously closed at $11.61.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research report on Thursday, September 18th. Wall Street Zen raised Super Group (SGHC) from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 4th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. JMP Securities raised their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Finally, Macquarie reissued an “outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $16.30.

Super Group (SGHC) Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The company has a 50-day moving average price of $11.62 and a 200-day moving average price of $11.80. The firm has a market capitalization of $5.29 billion, a P/E ratio of 24.46 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The business had revenue of $557.00 million during the quarter, compared to the consensus estimate of $436.19 million. On average, sell-side analysts predict that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 15th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, December 15th. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Super Group (SGHC) by 97.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after acquiring an additional 2,193,989 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Algert Global LLC raised its position in shares of Super Group (SGHC) by 2,639.6% during the third quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after purchasing an additional 706,349 shares during the period. 4D Advisors LLC acquired a new stake in shares of Super Group (SGHC) during the third quarter worth about $9,240,000. Finally, UBS Group AG lifted its holdings in shares of Super Group (SGHC) by 247.8% during the 3rd quarter. UBS Group AG now owns 973,963 shares of the company’s stock valued at $12,856,000 after purchasing an additional 693,903 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

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.