New York State Common Retirement Fund Grows Position in Super Group Limited (NYSE:SGHC)

New York State Common Retirement Fund lifted its position in shares of Super Group Limited (NYSE:SGHC) by 40.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,814 shares of the company’s stock after purchasing an additional 15,463 shares during the quarter. New York State Common Retirement Fund’s holdings in Super Group were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in Super Group during the third quarter valued at $54,000. Intech Investment Management LLC acquired a new stake in shares of Super Group during the 3rd quarter valued at about $66,000. DGS Capital Management LLC purchased a new position in shares of Super Group in the 4th quarter valued at about $73,000. HighTower Advisors LLC raised its holdings in Super Group by 22.7% in 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. Finally, State of New Jersey Common Pension Fund D purchased a new position in Super Group during the fourth quarter worth approximately $233,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SGHC has been the subject of a number of recent analyst reports. 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. Needham & Company LLC boosted their price target on shares of Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Super Group in a report on Monday, January 27th. Finally, Canaccord Genuity Group lifted their target price on shares of Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th.

Super Group Stock Performance

Shares of SGHC opened at $7.00 on Wednesday. The stock has a 50 day moving average price of $7.16 and a 200 day moving average price of $5.54. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 116.75 and a beta of 0.99. Super Group Limited has a one year low of $2.90 and a one year high of $8.51.

Super Group Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date is Monday, March 10th. Super Group’s payout ratio is 266.67%.

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.