Super Group (SGHC) (NYSE:SGHC) CTO David Alon Ben Sells 23,300 Shares of Stock

Super Group (SGHC) Limited (NYSE:SGHC) CTO Alon Ben – David sold 23,300 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $13.79, for a total value of $321,307.00. Following the completion of the transaction, the chief technology officer owned 7,814 shares in the company, valued at $107,755.06. The trade was a 74.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

David Alon Ben also recently made the following trade(s):

• On Tuesday, June 30th, Alon Ben – David sold 8 shares of Super Group (SGHC) stock. The shares were sold at an average price of $13.74, for a total value of $109.92.

Super Group (SGHC) Trading Up 0.1%

Super Group (SGHC) stock traded up $0.01 during mid-day trading on Monday, hitting $13.85. The stock had a trading volume of 1,640,878 shares, compared to its average volume of 2,963,910. The stock has a 50-day simple moving average of $14.02 and a two-hundred day simple moving average of $12.83. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $7.00 billion, a PE ratio of 19.15 and a beta of 1.06. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%.The firm had revenue of $684.00 million for the quarter, compared to the consensus estimate of $659.90 million. As a group, sell-side analysts forecast that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 27.78%.

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in shares of Super Group (SGHC) by 250.7% in the 2nd quarter. California State Teachers Retirement System now owns 30,244 shares of the company’s stock valued at $410,000 after buying an additional 21,621 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Super Group (SGHC) during the 2nd quarter worth $674,000. Globeflex Capital L P acquired a new stake in Super Group (SGHC) during the 2nd quarter worth $1,265,000. Baron Wealth Management LLC acquired a new stake in Super Group (SGHC) during the 2nd quarter worth $158,000. Finally, Prospect Capital Advisors LLC lifted its holdings in Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after acquiring an additional 313,100 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. BTIG Research lifted their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Needham & Company LLC upped their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citizens Jmp reissued a “market outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research note on Monday, August 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.71.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company’s principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.