Super Group (SGHC) Target of Unusually Large Options Trading (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 12,826 call options on the stock. This represents an increase of approximately 48% compared to the typical daily volume of 8,685 call options.

Insider Buying and Selling

In related news, General Counsel Martine Nathan sold 4,761 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the transaction, the general counsel owned 30,172 shares in the company, valued at $323,142.12. The trade was a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 285,979 shares of company stock worth $3,356,623. Insiders own 10.41% of the company’s stock.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors have recently modified their holdings of the company. Prospect Capital Advisors LLC boosted its stake in shares of 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 worth $11,255,000 after acquiring an additional 313,100 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Super Group (SGHC) during the 1st quarter worth approximately $2,662,000. Bank of America Corp DE boosted its stake in shares of Super Group (SGHC) by 172.5% during the 1st quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after acquiring an additional 733,073 shares in the last quarter. Anson Funds Management LP boosted its stake in shares of Super Group (SGHC) by 108.3% during the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock worth $5,737,000 after acquiring an additional 276,214 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Super Group (SGHC) by 579.3% during the 1st quarter. Quantinno Capital Management LP now owns 111,764 shares of the company’s stock worth $1,207,000 after acquiring an additional 95,311 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Price Performance

Shares of NYSE SGHC traded up $0.77 during midday trading on Tuesday, hitting $13.64. The company had a trading volume of 2,949,532 shares, compared to its average volume of 3,074,393. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a twelve month low of $8.46 and a twelve month high of $14.38. The business has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $11.21. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 28.23 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Saturday, April 18th. The company reported $0.13 EPS for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The firm had revenue of $578.00 million during the quarter. Equities research analysts anticipate that Super Group will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

SGHC has been the topic of several recent research reports. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Benchmark boosted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, May 20th. BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Finally, Weiss Ratings upgraded 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

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.