Quantbot Technologies LP Has $908,000 Position in Super Group (SGHC) Limited $SGHC

Quantbot Technologies LP reduced its stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 51.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 68,751 shares of the company’s stock after selling 72,132 shares during the period. Quantbot Technologies LP’s holdings in Super Group (SGHC) were worth $908,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SGHC. Nisa Investment Advisors LLC raised its holdings in shares of Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Super Group (SGHC) by 67,900.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after purchasing an additional 2,716 shares in the last quarter. Greenwich Wealth Management LLC purchased a new position in Super Group (SGHC) in the second quarter valued at about $112,000. Scotia Capital Inc. acquired a new position in Super Group (SGHC) in the 2nd quarter worth about $113,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Super Group (SGHC) during the 2nd quarter worth about $121,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Super Group (SGHC) Stock Performance

NYSE:SGHC opened at $10.65 on Friday. The firm’s 50-day moving average is $10.16 and its 200-day moving average is $11.45. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 24.76 and a beta of 1.05. 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 has a 52-week low of $5.59 and a 52-week high of $14.38.

Super Group (SGHC) Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. BTIG Research reduced their target price on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Finally, Benchmark upped their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $16.75.

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.