Super Group (NYSE:SGHC) Shares Gap Up Following Dividend Announcement

Super Group Limited (NYSE:SGHC)’s stock price gapped up before the market opened on Thursday after the company announced a dividend. The stock had previously closed at $2.97, but opened at $3.10. Super Group shares last traded at $3.07, with a volume of 47,256 shares traded.

The newly announced dividend which will be paid on Wednesday, July 17th. Stockholders of record on Monday, July 8th will be issued a dividend of $0.10 per share. This represents a dividend yield of 3.14%. The ex-dividend date is Monday, July 8th.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and set a $6.00 price target on shares of Super Group in a report on Thursday, May 9th.

Super Group Price Performance

The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 26.75 and a beta of 0.74. The business has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.27.

Super Group (NYSE:SGHC) last released its earnings results on Thursday, April 25th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $387.56 million for the quarter. Super Group had a return on equity of 11.56% and a net margin of 4.33%. Research analysts anticipate that Super Group Limited will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in Super Group by 78.6% during the fourth quarter. SG Americas Securities LLC now owns 31,640 shares of the company’s stock worth $100,000 after acquiring an additional 13,928 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Super Group during the fourth quarter worth about $50,000. Phraction Management LLC grew its holdings in Super Group by 183.0% during the fourth quarter. Phraction Management LLC now owns 128,355 shares of the company’s stock worth $407,000 after acquiring an additional 83,000 shares during the period. Algert Global LLC acquired a new position in Super Group during the third quarter worth about $52,000. Finally, PFW Advisors LLC acquired a new position in Super Group during the fourth quarter worth about $38,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Super Group Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.