Key Points
- CEO Neal Menashe sold 78,530 shares at an average price of $10.71 on April 8 to cover tax withholding from vested awards, cutting his stake by 10.4% to 676,334 shares; several other senior insiders made similar tax-related sales.
- Dividend was increased to $0.05 per share quarterly (annualized $0.20), yielding about 2.0% with a payout ratio near 46.5%, paid March 31.
- Market and analyst backdrop: the stock fell roughly 3.2% amid sector weakness and the insider sales, even as institutional investors boosted positions and analysts show a consensus "Buy" with a $16.75 price target.
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Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) General Counsel Martine Nathan sold 4,761 shares of the business's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $50,990.31. Following the sale, the general counsel directly owned 30,172 shares of the company's stock, valued at approximately $323,142.12. The trade was a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Super Group (SGHC) Trading Down 3.2%
NYSE:SGHC opened at $10.24 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a 50-day moving average of $10.22 and a 200-day moving average of $11.18. The company has a market cap of $5.16 billion, a PE ratio of 23.82 and a beta of 1.05. Super Group has a one year low of $6.72 and a one year high of $14.38.
Super Group (SGHC) Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.0%. This is a boost from Super Group (SGHC)'s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. Super Group (SGHC)'s dividend payout ratio is presently 46.51%.
Wall Street Analysts Forecast Growth
SGHC has been the topic of several analyst reports. BTIG Research cut their price target on shares of Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Weiss Ratings restated a "hold (c)" rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Wall Street Zen cut shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Monday, January 12th. Zacks Research upgraded shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 25th. Finally, Benchmark boosted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and a consensus target price of $16.75.
Get Our Latest Research Report on Super Group (SGHC)
Super Group (SGHC) News Roundup
Here are the key news stories impacting Super Group (SGHC) this week:
- Neutral Sentiment: Multiple senior insiders sold shares to cover tax withholding on vested awards — CEO Neal Menashe (78,530 shares), CFO Wyk Alinda Van (51,104), Kirsty Farrah Ross (47,391) and General Counsel Martine Nathan (4,761). These are sizable, disclosed Form 4 sales; company statements cite tax obligations rather than cashing out for other reasons. SEC filings: CEO Form 4 CFO Form 4 K. Farrah Ross Form 4 GC Form 4
- Neutral Sentiment: Kalkine examined why shares moved (mentions the exec sales and a dividend-change item), providing context that market participants cited both insider activity and a dividend discussion as triggers for intraday movement. Why Did Super Group Shares Move?
- Negative Sentiment: Sector weakness: Super Group was called out as falling alongside NYSE composite gaming stocks, a broader industry pullback that weighed on the stock independent of company-specific fundamentals. SGHC Falls as Gaming Stocks Slip
- Negative Sentiment: Market write‑ups flagged the stock sliding while the broader market rose, suggesting relative underperformance and negative investor sentiment following the combination of sector softness and the reported insider sales. Zacks: SGHC Slides
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGHC. CIBC Private Wealth Group LLC purchased a new position in Super Group (SGHC) in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. boosted its stake in Super Group (SGHC) by 67,900.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company's stock valued at $36,000 after acquiring an additional 2,716 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in Super Group (SGHC) in the fourth quarter valued at about $120,000. Teza Capital Management LLC purchased a new position in Super Group (SGHC) in the second quarter valued at about $121,000. Finally, Cibc World Markets Corp purchased a new position in Super Group (SGHC) in the fourth quarter valued at about $126,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.
Super Group (SGHC) Company Profile
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Get Free Report)
Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.
The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.
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