Super Group (NYSE:SGHC) Reaches New 1-Year High – Time to Buy?

Super Group Limited (NYSE:SGHC) reached a new 52-week high during trading on Wednesday . The company traded as high as $8.44 and last traded at $8.41, with a volume of 205555 shares traded. The stock had previously closed at $8.30.

Wall Street Analyst Weigh In

SGHC has been the subject of a number of research reports. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Oppenheimer lifted their target price on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Canaccord Genuity Group raised Super Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $10.00 in a research report on Friday, January 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of Super Group in a research note on Wednesday, January 22nd.

Super Group Price Performance

The company has a market cap of $4.16 billion, a PE ratio of 139.27 and a beta of 0.99. The stock has a fifty day moving average price of $6.64 and a 200-day moving average price of $4.92.

Super Group Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 5.7%. Super Group’s dividend payout ratio (DPR) is presently 166.69%.

Institutional Trading of Super Group

Several institutional investors have recently made changes to their positions in SGHC. Helikon Investments Ltd raised its position in Super Group by 82.5% during the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock valued at $20,148,000 after acquiring an additional 1,462,418 shares in the last quarter. State Street Corp increased its stake in shares of Super Group by 8.5% during the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock worth $9,042,000 after purchasing an additional 194,460 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Super Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock valued at $6,327,000 after purchasing an additional 14,507 shares in the last quarter. Barclays PLC lifted its stake in shares of Super Group by 141.1% in the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock valued at $978,000 after purchasing an additional 157,693 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Super Group by 133.3% in the third quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock worth $863,000 after purchasing an additional 135,865 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group Company Profile

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.