SG Americas Securities LLC Increases Position in Super Group Limited (NYSE:SGHC)

SG Americas Securities LLC lifted its holdings in shares of Super Group Limited (NYSE:SGHC) by 40.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,551 shares of the company’s stock after buying an additional 19,631 shares during the period. SG Americas Securities LLC’s holdings in Super Group were worth $427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Helikon Investments Ltd purchased a new stake in shares of Super Group in the third quarter valued at about $6,431,000. State Street Corp grew its holdings in Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company’s stock worth $9,042,000 after acquiring an additional 194,460 shares during the period. Barclays PLC raised its position in Super Group by 141.1% in the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after acquiring an additional 157,693 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Super Group by 133.3% in the third quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock valued at $863,000 after acquiring an additional 135,865 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Super Group by 82.1% during the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after purchasing an additional 133,300 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SGHC shares. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Super Group in a research note on Wednesday, January 22nd. Oppenheimer lifted their price target on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $10.00 in a research note on Friday, January 24th.

Super Group Stock Performance

Shares of SGHC opened at $8.08 on Monday. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 134.69 and a beta of 0.95. Super Group Limited has a 1 year low of $2.90 and a 1 year high of $8.44. The company’s 50 day simple moving average is $6.57 and its 200 day simple moving average is $4.85.

Super Group Announces Dividend

The firm also recently declared a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a $0.15 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend was Monday, December 23rd. Super Group’s dividend payout ratio (DPR) is 166.69%.

About Super Group

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.