Super Group (SGHC) Limited $SGHC Holdings Increased by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC raised its position in Super Group (SGHC) Limited (NYSE:SGHC) by 42.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,042,100 shares of the company’s stock after buying an additional 313,100 shares during the quarter. Super Group (SGHC) accounts for 6.2% of Prospect Capital Advisors LLC’s holdings, making the stock its 5th largest position. Prospect Capital Advisors LLC’s holdings in Super Group (SGHC) were worth $11,255,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SGHC. AQR Capital Management LLC increased its holdings in shares of Super Group (SGHC) by 235.3% in the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after purchasing an additional 117,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Super Group (SGHC) by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after buying an additional 3,783 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Super Group (SGHC) by 127.2% in the 1st 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 during the last quarter. Jane Street Group LLC bought a new stake in Super Group (SGHC) in the first quarter worth $1,523,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Super Group (SGHC) by 30.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after acquiring an additional 168,622 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total transaction of $329,628.00. Following the transaction, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at approximately $351,000. This trade represents a 48.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,201 shares of company stock worth $1,409,805 over the last ninety days. Insiders own 10.41% of the company’s stock.

Analysts Set New Price Targets

SGHC has been the subject of a number of recent analyst reports. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Benchmark boosted their target price on Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, BTIG Research boosted their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Super Group (SGHC) presently has a consensus rating of “Moderate Buy” and an average price target of $18.43.

Super Group (SGHC) Trading Down 0.7%

NYSE SGHC opened at $13.98 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a twelve month low of $8.46 and a twelve month high of $15.86. The firm has a market capitalization of $7.07 billion, a PE ratio of 28.95 and a beta of 1.06. The stock’s 50 day moving average is $13.95 and its 200 day moving average is $11.96.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $612.00 million during the quarter, compared to the consensus estimate of $584.75 million. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%. Research analysts forecast that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio is currently 41.67%.

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.