Public Employees Retirement System of Ohio Makes New Investment in Super Group (SGHC) Limited $SGHC

Public Employees Retirement System of Ohio acquired a new stake in Super Group (SGHC) Limited (NYSE:SGHC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,750 shares of the company’s stock, valued at approximately $674,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. lifted its stake in Super Group (SGHC) by 324.3% during the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Super Group (SGHC) by 97.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after purchasing an additional 2,193,989 shares during the last quarter. Norges Bank purchased a new position in Super Group (SGHC) in the fourth quarter valued at approximately $23,791,000. Millennium Management LLC raised its holdings in Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Super Group (SGHC) by 74.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after purchasing an additional 818,455 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Insider Transactions at Super Group (SGHC)

In related news, COO Kirsty Ross sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00. Following the transaction, the chief operating officer owned 48,261 shares of the company’s stock, valued at $675,654. This trade represents a 45.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Wyk Van sold 22,644 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the transaction, the chief financial officer owned 27,566 shares in the company, valued at $385,097.02. This trade represents a 45.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 165,643 shares of company stock worth $2,315,231. Company insiders own 10.41% of the company’s stock.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock opened at $13.96 on Thursday. The firm’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $12.77. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 19.30 and a beta of 1.06. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. As a group, equities analysts forecast that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

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

Analysts Set New Price Targets

SGHC has been the subject of several research analyst reports. BTIG Research upped their target price on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. Citizens Jmp reissued a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research report on Monday, August 31st. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Benchmark raised their price objective on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Needham & Company LLC lifted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.71.

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.