Public Employees Retirement System of Ohio Purchases Shares of 49,750 Super Group (SGHC) Limited $SGHC

Public Employees Retirement System of Ohio acquired a new position in Super Group (SGHC) Limited (NYSE:SGHC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,750 shares of the company’s stock, valued at approximately $674,000.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Super Group (SGHC) by 324.3% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Super Group (SGHC) by 97.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after buying an additional 2,193,989 shares in the last quarter. Norges Bank acquired a new position in shares of Super Group (SGHC) in the fourth quarter worth about $23,791,000. Millennium Management LLC raised its stake 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 buying an additional 1,532,666 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Super Group (SGHC) by 74.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after purchasing an additional 818,455 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group (SGHC) Stock Up 0.1%

Shares of NYSE SGHC opened at $13.96 on Thursday. The stock has a market cap of $7.06 billion, a P/E ratio of 19.30 and a beta of 1.06. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The business’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $12.77.

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

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. Super Group (SGHC)’s payout ratio is currently 27.78%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SGHC. Weiss Ratings restated a “hold (c+)” rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Benchmark increased their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, BTIG Research lifted their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.71.

Insider Transactions at Super Group (SGHC)

In related news, COO Kirsty Ross sold 54,551 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $762,077.47. Following the sale, the chief operating officer directly owned 88,261 shares in the company, valued at approximately $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the sale, the chief executive officer directly owned 730,733 shares in the company, valued at approximately $10,208,340.01. This trade represents a 6.22% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 165,643 shares of company stock valued at $2,315,231. 10.41% of the stock is currently owned by corporate insiders.

Super Group (SGHC) 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.