Rhumbline Advisers Buys 18,248 Shares of Super Group Limited (NYSE:SGHC)

Rhumbline Advisers raised its stake in shares of Super Group Limited (NYSE:SGHC) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,146 shares of the company’s stock after acquiring an additional 18,248 shares during the period. Rhumbline Advisers’ holdings in Super Group were worth $1,210,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in shares of Super Group in the third quarter valued at about $54,000. Intech Investment Management LLC purchased a new stake in Super Group in the 3rd quarter valued at about $66,000. DGS Capital Management LLC purchased a new stake in Super Group in the 4th quarter valued at about $73,000. HighTower Advisors LLC lifted its position 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 buying an additional 3,993 shares in the last quarter. Finally, Caprock Group LLC boosted its stake in shares of Super Group by 2.8% in the 3rd quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock worth $261,000 after buying an additional 1,959 shares during the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SGHC. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Super Group in a research report on Monday, January 27th. Needham & Company LLC raised their target price on Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer boosted their price target on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group increased their price target 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 Trading Up 3.9 %

Shares of NYSE SGHC opened at $7.28 on Thursday. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 121.27 and a beta of 0.99. The stock has a fifty day simple moving average of $7.18 and a two-hundred day simple moving average of $5.56. Super Group Limited has a 1-year low of $2.90 and a 1-year high of $8.51.

Super Group Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be issued a $0.04 dividend. This represents a yield of 3.6%. The ex-dividend date of this dividend is Monday, March 10th. Super Group’s dividend payout ratio (DPR) is currently 266.67%.

Super Group Company 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.