Super Group (SGHC) Limited (NYSE:SGHC) Receives Consensus Rating of “Buy” from Analysts

Super Group (SGHC) Limited (NYSE:SGHC) has earned an average rating of “Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $16.75.

Several equities research analysts recently weighed in on the company. BTIG Research cut their price objective on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Benchmark lifted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th.

Institutional Trading of Super Group (SGHC)

Several institutional investors have recently modified their holdings of SGHC. Mercer Global Advisors Inc. ADV raised its position in Super Group (SGHC) by 7.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock worth $216,000 after purchasing an additional 1,078 shares during the last quarter. Mariner LLC grew its position in shares of Super Group (SGHC) by 1.4% in the 3rd quarter. Mariner LLC now owns 103,271 shares of the company’s stock valued at $1,363,000 after buying an additional 1,471 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Super Group (SGHC) by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock valued at $348,000 after buying an additional 1,865 shares during the period. Advisory Research Inc. increased its stake in shares of Super Group (SGHC) by 5.4% in the fourth quarter. Advisory Research Inc. now owns 37,688 shares of the company’s stock valued at $450,000 after buying an additional 1,923 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Super Group (SGHC) by 11.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 19,970 shares of the company’s stock worth $263,000 after acquiring an additional 2,032 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $10.55 on Tuesday. The firm’s fifty day moving average price is $10.03 and its two-hundred day moving average price is $11.40. The stock has a market cap of $5.31 billion, a PE ratio of 24.52 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 fifty-two week low of $5.59 and a fifty-two week high of $14.38.

Super Group (SGHC) Increases Dividend

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

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.