Super Group (NYSE:SGHC) Now Covered by BTIG Research

BTIG Research initiated coverage on shares of Super Group (NYSE:SGHC) in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $9.00 price objective on the stock.

A number of other research firms also recently issued reports on SGHC. Needham & Company LLC increased their price target on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer upped their price objective on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group raised their target price on shares of Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Super Group in a research report on Monday, January 27th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $10.20.

Super Group Stock Performance

Shares of NYSE SGHC opened at $6.63 on Friday. The stock has a 50 day moving average price of $7.49 and a 200 day moving average price of $5.96. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 110.45 and a beta of 1.00. Super Group has a 52-week low of $2.90 and a 52-week high of $8.51.

Super Group Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group’s payout ratio is 266.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SGHC. Aquatic Capital Management LLC acquired a new stake in Super Group in the fourth quarter valued at approximately $30,000. Walleye Capital LLC purchased a new stake in shares of Super Group during the 3rd quarter valued at $54,000. Intech Investment Management LLC acquired a new stake in shares of Super Group in the 3rd quarter worth $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Super Group during the 4th quarter worth $66,000. Finally, Xponance Inc. acquired a new position in Super Group during the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.