Principal Financial Group Inc. Purchases 54,246 Shares of Super Group (SGHC) Limited $SGHC

Principal Financial Group Inc. boosted its position in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 34.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,872 shares of the company’s stock after purchasing an additional 54,246 shares during the quarter. Principal Financial Group Inc.’s holdings in Super Group (SGHC) were worth $2,310,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky raised its holdings in Super Group (SGHC) by 5.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 156,289 shares of the company’s stock worth $1,688,000 after purchasing an additional 8,145 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at $284,000. GM Advisory Group LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at $271,000. AdvisorShares Investments LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at $335,000. Finally, Counterpoint Mutual Funds LLC increased its position in shares of Super Group (SGHC) by 27.2% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 54,212 shares of the company’s stock valued at $585,000 after buying an additional 11,600 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

Insider Transactions at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kirsty Farrah Ross sold 25,356 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total value of $329,628.00. Following the transaction, the chief operating officer owned 27,000 shares of the company’s stock, valued at approximately $351,000. The trade was a 48.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 104,201 shares of company stock worth $1,409,805. Corporate insiders own 10.41% of the company’s stock.

Super Group (SGHC) Stock Down 5.3%

Shares of SGHC stock opened at $14.11 on Friday. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $13.94 and a 200-day moving average of $11.95. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 29.21 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $612.00 million for the quarter, compared to analysts’ expectations of $584.75 million. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. As a group, equities research analysts predict that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 41.67%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BTIG Research raised their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Citizens Jmp increased their price target on Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 8th. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.43.

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.