Insider Selling: Super Group (SGHC) (NYSE:SGHC) COO Sells $762,077.47 in Stock

Super Group (SGHC) Limited (NYSE:SGHC) COO Kirsty Farrah Ross sold 54,551 shares of Super Group (SGHC) stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47. Following the completion of the transaction, the chief operating officer owned 88,261 shares in the company, valued at approximately $1,233,006.17. This trade represents a 38.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kirsty Farrah Ross also recently made the following trade(s):

• On Tuesday, June 2nd, Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock. The stock was sold at an average price of $13.00, for a total value of $329,628.00.

Super Group (SGHC) Trading Down 1.8%

Shares of NYSE:SGHC traded down $0.26 during mid-day trading on Monday, hitting $13.74. The stock had a trading volume of 2,844,807 shares, compared to its average volume of 2,500,574. The company has a market cap of $6.95 billion, a PE ratio of 28.46 and a beta of 1.06. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The company’s 50 day moving average is $13.96 and its 200-day moving average is $12.00.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results on Monday, May 11th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The company had revenue of $612.00 million during the quarter, compared to the consensus estimate of $584.75 million. On average, sell-side analysts predict that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s payout ratio is 41.67%.

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds have recently made changes to their positions in the stock. Baron Wealth Management LLC bought a new position in Super Group (SGHC) during the second quarter valued at about $158,000. Prospect Capital Advisors LLC increased its position in shares of Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after purchasing an additional 313,100 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Super Group (SGHC) during the first quarter worth $2,662,000. Bank of America Corp DE boosted its stake in Super Group (SGHC) by 172.5% during the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after buying an additional 733,073 shares in the last quarter. Finally, Anson Funds Management LP increased its holdings in Super Group (SGHC) by 108.3% in the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after buying an additional 276,214 shares during the period. Institutional investors own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citizens Jmp lifted their price objective on Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 8th. Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. BTIG Research lifted their price target on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Finally, Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Super Group (SGHC) has a consensus rating of “Moderate Buy” and a consensus price target of $18.43.

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.