Super Group (SGHC) (NYSE:SGHC) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Super Group (SGHC) (NYSE:SGHC) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Several other brokerages have also recently commented on SGHC. Weiss Ratings cut shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. BTIG Research raised their price objective on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research note on Monday, August 31st. Finally, Needham & Company LLC lifted their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Super Group (SGHC) has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Super Group (SGHC) Stock Down 0.5%

Shares of SGHC stock opened at $11.23 on Friday. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. The business’s fifty day moving average is $12.88 and its 200-day moving average is $13.00. The stock has a market cap of $5.68 billion, a PE ratio of 15.54 and a beta of 1.10.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The firm had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Equities analysts expect that Super Group will post 0.80 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In related news, CEO Neal Menashe sold 48,440 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $676,706.80. Following the completion of the sale, the chief executive officer directly owned 730,733 shares of the company’s stock, valued at approximately $10,208,340.01. This represents a 6.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Ross sold 54,551 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $762,077.47. Following the completion of the sale, the chief operating officer directly owned 88,261 shares of the company’s stock, valued at approximately $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 188,935 shares of company stock worth $2,636,428. 10.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently bought and sold shares of the business. Independent Financial Group LLC purchased a new position in shares of Super Group (SGHC) during the 1st quarter valued at $114,000. Baron Wealth Management LLC acquired a new position in shares of Super Group (SGHC) in the second quarter worth $158,000. PNC Financial Services Group Inc. raised its holdings in shares of Super Group (SGHC) by 12.2% during the first quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock worth $141,000 after acquiring an additional 1,418 shares in the last quarter. Baer Investment Advisory LLC purchased a new stake in shares of Super Group (SGHC) during the first quarter worth $233,000. Finally, GM Advisory Group LLC purchased a new stake in shares of Super Group (SGHC) during the first quarter worth $271,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited is a global online sports betting and gaming company. Its principal brands include Betway, an online sportsbook and casino operator, and Spin, an online casino and gaming platform. Through these brands, the company offers sports wagering, casino games, live dealer products, poker and related digital entertainment services, subject to local regulations.

Super Group serves customers across multiple international markets, with operations and licenses spanning regions including Europe, Africa, the Americas and other parts of the world.