Super Group (SGHC) Sees Unusually High Options Volume (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) was the recipient of unusually large options trading on Tuesday. Investors bought 13,637 call options on the company. This represents an increase of 183% compared to the typical volume of 4,820 call options.

Super Group (SGHC) Stock Up 11.1%

Shares of SGHC traded up $1.08 during trading hours on Tuesday, reaching $10.80. The company’s stock had a trading volume of 3,703,076 shares, compared to its average volume of 2,777,668. Super Group has a 1-year low of $5.59 and a 1-year high of $14.38. The company has a 50 day moving average of $10.32 and a two-hundred day moving average of $11.47. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 25.06 and a beta of 1.08. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.05 per share. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th. Super Group (SGHC)’s payout ratio is currently 37.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SGHC shares. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Benchmark lifted their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Finally, Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $17.13.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SGHC. Invesco Ltd. increased its position in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Super Group (SGHC) by 97.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after purchasing an additional 2,193,989 shares in the last quarter. Norges Bank acquired a new stake in shares of Super Group (SGHC) in the 4th quarter valued at about $23,791,000. Millennium Management LLC boosted its holdings in Super Group (SGHC) by 127.2% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Super Group (SGHC) by 74.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after acquiring an additional 818,455 shares during the period. 5.09% of the stock is 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.