Key Points
- Super Group COO Kirsty Farrah Ross sold 40,000 shares at an average price of $14, generating $560,000 and reducing her ownership by 45.32% to 48,261 shares. She also sold 54,551 shares in July.
- Super Group shares opened at $13.47 and were trading down 0.5%, while the company’s latest quarterly results included $684 million in revenue but earnings per share of $0.22, slightly below estimates.
- Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $18.71; the company also pays a quarterly dividend of $0.05.
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Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) COO Kirsty Farrah Ross sold 40,000 shares of Super Group (SGHC) stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $14.00, for a total transaction of $560,000.00. Following the completion of the sale, the chief operating officer owned 48,261 shares of the company's stock, valued at approximately $675,654. The trade was a 45.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Kirsty Farrah Ross also recently made the following trade(s):
- On Friday, July 31st, Kirsty Farrah Ross sold 54,551 shares of Super Group (SGHC) stock. The shares were sold at an average price of $13.97, for a total value of $762,077.47.
Super Group (SGHC) Trading Down 0.5%
Shares of NYSE:SGHC opened at $13.47 on Wednesday. The business's 50 day simple moving average is $14.02 and its 200 day simple moving average is $12.57. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $6.81 billion, a P/E ratio of 18.63 and a beta of 1.06.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. On average, research analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.
Super Group (SGHC) Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 27.78%.
Institutional Investors Weigh In On Super Group (SGHC)
A number of hedge funds have recently made changes to their positions in SGHC. Mercer Global Advisors Inc. ADV increased its holdings in shares of Super Group (SGHC) by 7.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company's stock worth $216,000 after buying an additional 1,078 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Super Group (SGHC) by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company's stock valued at $141,000 after acquiring an additional 1,418 shares in the last quarter. Mariner LLC boosted its holdings in shares of Super Group (SGHC) by 1.4% during the 3rd quarter. Mariner LLC now owns 103,271 shares of the company's stock valued at $1,363,000 after acquiring an additional 1,471 shares in the last quarter. ProShare Advisors LLC grew its position in Super Group (SGHC) by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 29,112 shares of the company's stock worth $348,000 after acquiring an additional 1,865 shares during the last quarter. Finally, Advisory Research Inc. grew its position in Super Group (SGHC) by 5.4% during the 4th quarter. Advisory Research Inc. now owns 37,688 shares of the company's stock worth $450,000 after acquiring an additional 1,923 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently weighed in on SGHC. Benchmark upped their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Citizens Jmp reissued a "market outperform" rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Monday. Needham & Company LLC increased their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Citigroup reissued an "outperform" rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.71.
View Our Latest Stock Analysis on SGHC
About Super Group (SGHC)
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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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