Super Group Limited (NYSE:SGHC) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in Super Group Limited (NYSE:SGHC) by 22.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,576 shares of the company’s stock after purchasing an additional 3,993 shares during the quarter. HighTower Advisors LLC’s holdings in Super Group were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in shares of Super Group in the third quarter valued at approximately $54,000. Algert Global LLC lifted its holdings in Super Group by 54.5% in the second 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 period. Intech Investment Management LLC purchased a new stake in shares of Super Group during the 3rd quarter worth $66,000. Burns Matteson Capital Management LLC acquired a new position in shares of Super Group during the 3rd quarter worth $70,000. Finally, AQR Capital Management LLC purchased a new position in shares of Super Group in the 2nd quarter valued at about $77,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Benchmark boosted their price target on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC raised their price objective on Super Group from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Super Group Stock Performance

SGHC stock opened at $6.29 on Friday. The stock’s 50 day moving average price is $5.69 and its 200 day moving average price is $4.25. The firm has a market cap of $3.13 billion, a P/E ratio of 104.85 and a beta of 0.95. Super Group Limited has a 1 year low of $2.63 and a 1 year high of $7.12.

Super Group Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group’s dividend payout ratio is currently 166.67%.

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.