Kirsty Farrah Ross Sells 40,000 Shares of Super Group (SGHC) (NYSE:SGHC) Stock

Super Group (SGHC) Limited (NYSE:SGHC) COO Kirsty Farrah Ross sold 40,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the completion of the transaction, the chief operating officer owned 48,261 shares in the company, valued at $675,654. This trade represents a 45.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, July 31st, Kirsty Farrah Ross sold 54,551 shares of Super Group (SGHC) stock. The stock was sold at an average price of $13.97, for a total value of $762,077.47.

Super Group (SGHC) Stock Up 2.5%

SGHC opened at $13.80 on Thursday. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The business has a 50-day moving average of $14.02 and a 200-day moving average of $12.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $6.98 billion, a PE ratio of 19.08 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. Equities research analysts forecast that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s payout ratio is currently 27.78%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Super Group (SGHC) by 250.7% during the 2nd quarter. California State Teachers Retirement System now owns 30,244 shares of the company’s stock valued at $410,000 after purchasing an additional 21,621 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Super Group (SGHC) during the second quarter worth $674,000. Globeflex Capital L P acquired a new stake in shares of Super Group (SGHC) during the 2nd quarter worth about $1,265,000. Baron Wealth Management LLC acquired a new stake in shares of Super Group (SGHC) during the second quarter worth approximately $158,000. Finally, Prospect Capital Advisors LLC increased its holdings in Super Group (SGHC) by 42.9% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SGHC shares. Benchmark raised their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. BTIG Research upped their price objective on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Citizens Jmp restated a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a report on Monday. Finally, Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.71.

Super Group (SGHC) Company Profile

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.