State of New Jersey Common Pension Fund D Purchases Shares of 37,454 Super Group Limited (NYSE:SGHC)

State of New Jersey Common Pension Fund D acquired a new stake in shares of Super Group Limited (NYSE:SGHC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,454 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also modified their holdings of SGHC. Caprock Group LLC raised its position in Super Group by 2.8% during the third quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock valued at $261,000 after acquiring an additional 1,959 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Super Group by 22.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after purchasing an additional 3,993 shares during the period. DGS Capital Management LLC purchased a new position in shares of Super Group during the 4th quarter valued at approximately $73,000. Geode Capital Management LLC lifted its stake in shares of Super Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock valued at $6,327,000 after purchasing an additional 14,507 shares during the period. Finally, Walleye Capital LLC purchased a new stake in Super Group during the third quarter worth $54,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Wall Street Analyst Weigh In

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

Super Group Stock Down 7.5 %

Shares of NYSE SGHC opened at $7.56 on Wednesday. Super Group Limited has a 52-week low of $2.90 and a 52-week high of $8.51. The company’s 50-day simple moving average is $7.07 and its 200-day simple moving average is $5.41. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 125.94 and a beta of 0.99.

Super Group Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 5.7%. Super Group’s dividend payout ratio (DPR) is currently 166.67%.

Super Group 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.