Super Group (NYSE:SGHC) Shares Gap Down to $3.20

Super Group Limited (NYSE:SGHCGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.20, but opened at $3.12. Super Group shares last traded at $3.14, with a volume of 9,389 shares.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “buy” rating and set a $6.00 target price on shares of Super Group in a research report on Thursday, May 9th.

Check Out Our Latest Report on Super Group

Super Group Price Performance

The company has a 50-day moving average of $3.45 and a two-hundred day moving average of $3.28. The company has a market capitalization of $1.57 billion, a PE ratio of 26.33 and a beta of 0.71.

Super Group (NYSE:SGHCGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $387.56 million for the quarter. Super Group had a net margin of 4.33% and a return on equity of 11.56%. As a group, research analysts anticipate that Super Group Limited will post 0.35 EPS for the current year.

Super Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Monday, July 8th will be paid a $0.10 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 3.14%. Super Group’s dividend payout ratio (DPR) is presently 83.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. increased its stake in Super Group by 318.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 118,651 shares of the company’s stock worth $409,000 after buying an additional 90,289 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Super Group by 13.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock worth $135,000 after acquiring an additional 4,715 shares during the period. Gabelli Funds LLC purchased a new stake in shares of Super Group during the first quarter worth about $138,000. Anson Funds Management LP raised its stake in Super Group by 482.7% during the 1st quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock valued at $4,523,000 after purchasing an additional 1,086,032 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Super Group during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Company Profile

(Get Free Report)

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.

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