Rathbones Group PLC Invests $688,000 in Super Group (SGHC) Limited $SGHC

Rathbones Group PLC bought a new stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,128 shares of the company’s stock, valued at approximately $688,000.

A number of other hedge funds have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its stake in shares of Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after buying an additional 2,716 shares during the period. Greenwich Wealth Management LLC acquired a new stake in Super Group (SGHC) in the second quarter worth about $112,000. Scotia Capital Inc. purchased a new stake in Super Group (SGHC) during the 2nd quarter worth approximately $113,000. Pacer Advisors Inc. grew its holdings in shares of Super Group (SGHC) by 78.9% during the third quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock valued at $137,000 after buying an additional 4,567 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Super Group (SGHC) in the third quarter worth about $144,000. 5.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SGHC shares. Zacks Research raised shares of Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. BTIG Research decreased their price objective on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Benchmark boosted their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $16.75.

Super Group (SGHC) Price Performance

Shares of NYSE SGHC opened at $10.86 on Wednesday. The firm has a 50-day simple moving average of $10.11 and a 200-day simple moving average of $11.43. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 25.26 and a beta of 1.05. Super Group has a 52 week low of $5.59 and a 52 week high of $14.38.

Super Group (SGHC) Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s payout ratio is presently 37.21%.

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.