Super Group (NYSE:SGHC) Sees Large Volume Increase

Super Group Limited (NYSE:SGHC) shares saw unusually-strong trading volume on Thursday . Approximately 769,465 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 405,374 shares.The stock last traded at $3.64 and had previously closed at $3.62.

Analysts Set New Price Targets

SGHC has been the subject of several research reports. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Super Group in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $6.00 price objective on shares of Super Group in a research note on Friday, August 9th.

Super Group Stock Performance

The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 30.25 and a beta of 0.70. The firm’s 50 day moving average is $3.47 and its 200-day moving average is $3.41.

Super Group (NYSE:SGHC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Super Group had a return on equity of 12.17% and a net margin of 2.42%. The firm had revenue of $446.44 million for the quarter, compared to the consensus estimate of $436.89 million. As a group, research analysts predict that Super Group Limited will post 0.25 EPS for the current year.

Super Group Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, July 17th. Investors of record on Monday, July 8th were given a $0.10 dividend. The ex-dividend date was Monday, July 8th. This represents a yield of 3.14%. Super Group’s dividend payout ratio (DPR) is currently 83.33%.

Institutional Trading of Super Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC raised its position in shares of Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after acquiring an additional 6,711 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Super Group by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after buying an additional 5,005 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Super Group during the second quarter worth $77,000. Gabelli Funds LLC lifted its position in Super Group by 80.0% in the 2nd quarter. Gabelli Funds LLC now owns 72,000 shares of the company’s stock valued at $233,000 after acquiring an additional 32,000 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Super Group by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after purchasing an additional 12,037 shares during the period. Institutional investors own 5.09% of the company’s stock.

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.