Super Group (SGHC) (NYSE:SGHC) Releases Earnings Results

Super Group (SGHC) (NYSE:SGHC) announced its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05, Zacks reports. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.

Super Group (SGHC) Trading Down 2.2%

Shares of NYSE:SGHC traded down $0.24 during midday trading on Monday, hitting $10.56. The company had a trading volume of 5,006,143 shares, compared to its average volume of 1,629,375. Super Group has a 12 month low of $4.01 and a 12 month high of $14.38. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 40.62 and a beta of 1.09. The firm has a fifty day simple moving average of $12.55 and a 200 day simple moving average of $10.81.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Thursday, September 18th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, September 18th. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SGHC. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Citizens Jmp started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 price objective for the company. Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, BTIG Research restated a “buy” rating and set a $14.00 target price on shares of Super Group (SGHC) in a research report on Thursday, September 18th. Two 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teza Capital Management LLC bought a new stake in shares of Super Group (SGHC) in the second quarter valued at about $121,000. Tower Research Capital LLC TRC lifted its holdings in shares of Super Group (SGHC) by 19.5% in the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company’s stock valued at $164,000 after purchasing an additional 2,432 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Super Group (SGHC) by 12,564.7% in the second quarter. NewEdge Advisors LLC now owns 23,683 shares of the company’s stock valued at $260,000 after purchasing an additional 23,496 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Super Group (SGHC) by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after purchasing an additional 3,783 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Super Group (SGHC) by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,230 shares of the company’s stock valued at $595,000 after purchasing an additional 4,041 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors.

About Super Group (SGHC)

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.