Zweig DiMenna Associates LLC Makes New $8.22 Million Investment in Super Group (SGHC) Limited $SGHC

Zweig DiMenna Associates LLC acquired a new position in Super Group (SGHC) Limited (NYSE:SGHC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 622,500 shares of the company’s stock, valued at approximately $8,217,000. Zweig DiMenna Associates LLC owned about 0.12% of Super Group (SGHC) as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SGHC. Nisa Investment Advisors LLC raised its holdings in Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after buying an additional 1,396 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares in the last quarter. Greenwich Wealth Management LLC purchased a new stake in Super Group (SGHC) in the second quarter worth approximately $112,000. Scotia Capital Inc. bought a new stake in shares of Super Group (SGHC) during the 2nd quarter valued at about $113,000. Finally, Pacer Advisors Inc. raised its holdings in Super Group (SGHC) by 78.9% in the 3rd quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock worth $137,000 after purchasing an additional 4,567 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $8.97 on Tuesday. The stock has a 50-day moving average of $10.50 and a two-hundred day moving average of $11.51. The stock has a market cap of $4.51 billion, a P/E ratio of 20.85 and a beta of 1.08. Super Group has a one year low of $5.59 and a one year high of $14.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 2nd. Super Group (SGHC)’s payout ratio is currently 37.21%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SGHC shares. Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Needham & Company LLC raised their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Benchmark cut their price target on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $16.78.

Super Group (SGHC) Company Profile

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.