Super Group (SGHC) (NYSE:SGHC) Trading Down 7.5% – Here’s What Happened

Super Group (SGHC) Limited (NYSE:SGHC) dropped 7.5% during trading on Wednesday . The stock traded as low as $10.96 and last traded at $10.84. Approximately 574,020 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 1,705,909 shares. The stock had previously closed at $11.72.

Wall Street Analyst Weigh In

SGHC has been the subject of a number of recent analyst reports. BTIG Research increased their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. UBS Group set a $18.00 price objective on Super Group (SGHC) in a research report on Thursday, September 18th. Needham & Company LLC lifted their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Canaccord Genuity Group increased their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $16.40.

Super Group (SGHC) Trading Down 8.6%

The business’s fifty day moving average is $12.45 and its 200-day moving average is $11.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $5.39 billion, a P/E ratio of 24.91 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. Analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Thursday, September 18th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 18th. Super Group (SGHC)’s payout ratio is currently 37.21%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Super Group (SGHC) by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company’s stock valued at $26,000 after purchasing an additional 3,129 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after buying an additional 1,396 shares during the period. Pacer Advisors Inc. boosted its position in Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock valued at $30,000 after acquiring an additional 1,662 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after acquiring an additional 2,716 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Super Group (SGHC) during the 1st quarter worth about $37,000. Institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.