Super Group (SGHC)’s (SGHC) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of Super Group (SGHC) (NYSE:SGHC) in a report published on Monday morning,Benzinga reports. The brokerage currently has a $19.00 target price on the stock.

SGHC has been the subject of a number of other reports. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. BTIG Research raised their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Benchmark lifted their price objective on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Needham & Company LLC upped 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 Thursday, August 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.71.

Super Group (SGHC) Price Performance

Shares of SGHC stock opened at $13.80 on Monday. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The company has a market capitalization of $6.98 billion, a P/E ratio of 19.08 and a beta of 1.06. The stock has a 50 day moving average of $14.02 and a two-hundred day moving average of $12.60. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The firm had revenue of $684.00 million for the quarter, compared to the consensus estimate of $659.90 million. As a group, equities analysts expect that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is currently 27.78%.

Insider Transactions at Super Group (SGHC)

In other news, CFO Wyk Alinda Van sold 22,644 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $316,336.68. Following the completion of the sale, the chief financial officer owned 27,566 shares of the company’s stock, valued at approximately $385,097.02. This trade represents a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of Super Group (SGHC) stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the transaction, the chief executive officer owned 730,733 shares of the company’s stock, valued at $10,208,340.01. This trade represents a 6.22% decrease in their position. 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. Over the last 90 days, insiders sold 165,643 shares of company stock valued at $2,315,231. Corporate insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Several large investors have recently made changes to their positions in SGHC. AQR Capital Management LLC raised its holdings in shares of Super Group (SGHC) by 235.3% in the first 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 holdings 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 acquiring an additional 3,783 shares during the last quarter. Millennium Management LLC grew its holdings 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 acquiring an additional 1,532,666 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Super Group (SGHC) in the first quarter worth about $1,523,000. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 168,622 shares during the last quarter. Institutional investors 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.