Super Group (SGHC) (NYSE:SGHC) Announces Earnings Results, Meets Estimates

Super Group (SGHC) (NYSE:SGHC) announced its earnings results on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. Super Group (SGHC) had a net margin of 9.77% and a return on equity of 40.15%. The firm had revenue of $612.00 million during the quarter, compared to analyst estimates of $566.06 million.

Super Group (SGHC) Price Performance

Shares of SGHC traded up $0.30 during trading hours on Tuesday, hitting $13.48. 5,878,349 shares of the company were exchanged, compared to its average volume of 2,943,608. The company has a market capitalization of $6.82 billion, a PE ratio of 31.03 and a beta of 1.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a fifty day simple moving average of $11.30 and a 200-day simple moving average of $11.02. Super Group has a one year low of $8.12 and a one year high of $14.38.

Super Group (SGHC) Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.05 per share. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)’s payout ratio is currently 46.51%.

Insider Buying and Selling

In other Super Group (SGHC) news, insider Kirsty Farrah Ross sold 47,391 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $507,557.61. Following the sale, the insider directly owned 96,984 shares of the company’s stock, valued at $1,038,698.64. The trade was a 32.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of Super Group (SGHC) stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $50,990.31. Following the transaction, the general counsel directly owned 30,172 shares in the company, valued at approximately $323,142.12. This trade represents a 13.63% 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. Insiders sold 181,786 shares of company stock valued at $1,946,928 over the last ninety days. 10.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors and hedge funds have recently modified their holdings of SGHC. Invesco Ltd. raised its stake in shares of Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Super Group (SGHC) by 97.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after acquiring an additional 2,193,989 shares in the last quarter. Millennium Management LLC lifted its stake in Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after acquiring an additional 1,532,666 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Super Group (SGHC) by 74.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after acquiring an additional 818,455 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Super Group (SGHC) by 1,090.1% in the fourth quarter. JPMorgan Chase & Co. now owns 798,148 shares of the company’s stock worth $9,538,000 after acquiring an additional 731,081 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SGHC has been the subject of several recent analyst reports. Zacks Research cut shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Benchmark increased their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Wall Street Zen cut Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Finally, BTIG Research reaffirmed a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

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.