Super Group (SGHC) Limited $SGHC Position Trimmed by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in Super Group (SGHC) Limited (NYSE:SGHC) by 51.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,751 shares of the company’s stock after selling 72,132 shares during the quarter. Quantbot Technologies LP’s holdings in Super Group (SGHC) were worth $908,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in shares of Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares during the last quarter. Greenwich Wealth Management LLC acquired a new stake in shares of Super Group (SGHC) during the second quarter worth $112,000. Scotia Capital Inc. acquired a new stake in shares of Super Group (SGHC) during the second quarter worth $113,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Super Group (SGHC) during the second quarter valued at $121,000. Institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SGHC shares. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Benchmark raised their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, BTIG Research lowered their price objective on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) presently has a consensus rating of “Buy” and an average price target of $16.75.

Super Group (SGHC) Trading Down 5.0%

Shares of NYSE SGHC opened at $10.65 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a one year low of $5.59 and a one year high of $14.38. The business has a 50-day moving average price of $10.16 and a two-hundred day moving average price of $11.45. The firm has a market capitalization of $5.36 billion, a PE ratio of 24.76 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.05 per share. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 16th. Super Group (SGHC)’s dividend payout ratio is 37.21%.

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.