Insider Selling: Super Group (SGHC) (NYSE:SGHC) CTO Sells $321,307.00 in Stock

Super Group (SGHC) Limited (NYSE:SGHC) CTO Alon Ben – David sold 23,300 shares of Super Group (SGHC) stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the sale, the chief technology officer owned 7,814 shares in the company, valued at $107,755.06. This represents a 74.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

David Alon Ben also recently made the following trade(s):

• On Tuesday, June 30th, Alon Ben – David sold 8 shares of Super Group (SGHC) stock. The shares were sold at an average price of $13.74, for a total value of $109.92.

Super Group (SGHC) Stock Performance

Super Group (SGHC) stock opened at $13.32 on Thursday. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock has a market cap of $6.74 billion, a P/E ratio of 18.42 and a beta of 1.06. The stock has a 50 day moving average of $13.94 and a 200-day moving average of $12.88.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly 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 company had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. On average, analysts expect that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.5%. Super Group (SGHC)’s payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SGHC. Benchmark increased their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Citizens Jmp restated a “market outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research note on Monday, August 31st. Needham & Company LLC increased their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Finally, BTIG Research upped their price target on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.71.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors have recently made changes to their positions in SGHC. Norges Bank acquired a new position in shares of Super Group (SGHC) during the 4th quarter valued at $23,791,000. Bank of America Corp DE lifted its holdings in shares of Super Group (SGHC) by 172.5% in the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock valued at $12,508,000 after buying an additional 733,073 shares during the period. AYAL Capital Advisors Ltd acquired a new stake in shares of Super Group (SGHC) in the fourth quarter valued at $4,510,000. Prospect Capital Advisors LLC boosted its stake in Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after buying an additional 313,100 shares in the last quarter. Finally, Anson Funds Management LP boosted its stake in Super Group (SGHC) by 108.3% during the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after buying an additional 276,214 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

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.