Super Group (SGHC) Limited $SGHC Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its holdings in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 24.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 385,570 shares of the company’s stock after selling 126,610 shares during the period. Squarepoint Ops LLC’s holdings in Super Group (SGHC) were worth $5,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. boosted its position 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 increased its holdings in shares of Super Group (SGHC) by 4.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock valued at $55,444,000 after purchasing an additional 202,144 shares in the last quarter. Millennium Management LLC lifted its stake in shares of 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 purchasing an additional 1,532,666 shares during the period. Norges Bank purchased a new position in Super Group (SGHC) in the fourth quarter valued at about $23,791,000. Finally, Vanguard Group Inc. lifted its position in shares of Super Group (SGHC) by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock valued at $26,255,000 after acquiring an additional 152,362 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SGHC. Citizens Jmp reissued a “market outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research note on Monday, August 31st. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. BTIG Research upped their target price on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and an average price target of $18.71.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Ross sold 54,551 shares of the business’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 completion of the sale, the chief operating officer directly owned 88,261 shares in the company, valued at $1,233,006.17. The trade was a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, CFO Wyk Van sold 22,644 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $316,336.68. Following the sale, the chief financial officer directly owned 27,566 shares of the company’s stock, valued at approximately $385,097.02. This trade represents a 45.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $2,315,231. 10.41% of the stock is currently owned by insiders.

Super Group (SGHC) Stock Performance

NYSE:SGHC opened at $13.83 on Friday. The firm has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $12.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $7.00 billion, a PE ratio of 19.13 and a beta of 1.06. Super Group has a 1-year low of $8.46 and a 1-year high of $15.86.

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

Super Group (SGHC) Dividend Announcement

The firm 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 $0.05 dividend. 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%.

About Super Group (SGHC)

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company’s principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.