Super Group (SGHC) Limited $SGHC Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Super Group (SGHC) Limited (NYSE:SGHC) by 136.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,674 shares of the company’s stock after buying an additional 64,443 shares during the period. Principal Financial Group Inc.’s holdings in Super Group (SGHC) were worth $1,474,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. boosted its holdings in Super Group (SGHC) by 7.6% in the second quarter. American Century Companies Inc. now owns 5,209,707 shares of the company’s stock valued at $57,150,000 after purchasing an additional 368,691 shares during the last quarter. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Super Group (SGHC) by 120.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company’s stock valued at $24,612,000 after buying an additional 1,224,942 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Super Group (SGHC) by 7.9% during the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock worth $20,717,000 after buying an additional 138,065 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock worth $19,902,000 after buying an additional 667,571 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. BTIG Research restated a “buy” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research note on Friday, January 30th. Needham & Company LLC lifted their target price on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Benchmark lowered their price target on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.00.

Super Group (SGHC) Stock Performance

Shares of NYSE SGHC opened at $9.45 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $10.46 and its two-hundred day moving average price is $11.50. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. The stock has a market capitalization of $4.76 billion, a P/E ratio of 21.98 and a beta of 1.08.

Super Group (SGHC) Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) 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.