Convergence Financial LLC Invests $573,000 in Super Group (SGHC) Limited $SGHC

Convergence Financial LLC acquired a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 47,932 shares of the company’s stock, valued at approximately $573,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SGHC. AQR Capital Management LLC lifted its holdings in shares of Super Group (SGHC) by 235.3% during the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after acquiring an additional 117,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Super Group (SGHC) by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after acquiring an additional 3,783 shares during the period. Millennium Management LLC lifted its holdings in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares during the period. Jane Street Group LLC bought a new position in shares of Super Group (SGHC) during the 1st quarter worth about $1,523,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Super Group (SGHC) by 30.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after acquiring an additional 168,622 shares during the period. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Trading Up 2.5%

SGHC opened at $13.05 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $6.60 billion, a PE ratio of 27.01 and a beta of 1.08. Super Group has a 1-year low of $8.46 and a 1-year high of $14.38. The firm has a 50-day moving average price of $12.14 and a two-hundred day moving average price of $11.20.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $578.00 million during the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. As a group, equities analysts anticipate that Super Group will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SGHC has been the subject of a number of analyst reports. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, May 20th. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Citizens Jmp lifted their price target on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.57.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Farrah Ross sold 25,356 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total value of $329,628.00. Following the completion of the sale, the chief operating officer owned 27,000 shares in the company, valued at approximately $351,000. This trade represents a 48.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total transaction of $1,080,066.90. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 285,979 shares of company stock worth $3,356,623. 10.41% of the stock is owned by insiders.

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.