Super Group (SGHC) (NYSE:SGHC) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Needham & Company LLC lifted their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Macquarie Infrastructure restated an “outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Wednesday, November 5th. Wall Street Zen cut shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Finally, Benchmark lifted their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Super Group (SGHC) has a consensus rating of “Buy” and a consensus target price of $16.75.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $11.04 on Wednesday. The business has a 50-day moving average of $10.27 and a 200-day moving average of $11.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.68 and a beta of 1.08. Super Group has a 1 year low of $5.59 and a 1 year high of $14.38.

Super Group (SGHC) Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.05 per share. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, March 16th. Super Group (SGHC)’s payout ratio is currently 37.21%.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors have recently made changes to their positions in SGHC. DGS Capital Management LLC boosted its position in shares of Super Group (SGHC) by 38.1% during the 4th quarter. DGS Capital Management LLC now owns 64,569 shares of the company’s stock worth $772,000 after purchasing an additional 17,808 shares in the last quarter. Invesco Ltd. raised its stake in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after buying an additional 3,570,825 shares during the period. Susquehanna Portfolio Strategies LLC raised its stake in Super Group (SGHC) by 781.3% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 341,034 shares of the company’s stock worth $4,075,000 after buying an additional 302,336 shares during the period. Prospect Capital Advisors LLC bought a new position in Super Group (SGHC) in the fourth quarter worth approximately $8,712,000. Finally, Millennium Management LLC grew its stake in Super Group (SGHC) by 21.3% in the fourth quarter. Millennium Management LLC now owns 1,480,937 shares of the company’s stock valued at $17,697,000 after acquiring an additional 260,272 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

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.