Super Group (SGHC) (NYSE:SGHC) Stock Price Down 5% – Here’s What Happened

Super Group (SGHC) Limited (NYSE:SGHC)’s share price fell 5% during mid-day trading on Thursday . The stock traded as low as $14.76 and last traded at $14.7340. Approximately 499,542 shares were traded during trading, a decline of 84% from the average session volume of 3,180,653 shares. The stock had previously closed at $15.51.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Benchmark raised their target price on Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citizens Jmp raised their price objective on Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Super Group (SGHC) Stock Up 0.8%

The stock has a market capitalization of $7.54 billion, a P/E ratio of 30.87 and a beta of 1.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $13.51 and its 200 day simple moving average is $11.63.

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

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 41.67%.

Insider Buying and Selling

In related news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the transaction, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at approximately $351,000. This represents a 48.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,201 shares of company stock valued at $1,409,805 over the last quarter. Company insiders own 10.41% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AQR Capital Management LLC grew its position in shares of Super Group (SGHC) by 235.3% during the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after buying an additional 117,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Super Group (SGHC) by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after buying an additional 3,783 shares during the last quarter. Millennium Management LLC grew its stake in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Jane Street Group LLC acquired a new stake in Super Group (SGHC) in the first quarter worth $1,523,000. Finally, JPMorgan Chase & Co. increased its position in Super Group (SGHC) by 30.4% in the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after buying an additional 168,622 shares during the period. 5.09% of the stock is currently owned by institutional investors.

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.