Stock Traders Buy High Volume of Super Group (SGHC) Call Options (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) was the target of unusually large options trading on Wednesday. Stock traders acquired 8,470 call options on the company. This is an increase of 113% compared to the typical daily volume of 3,981 call options.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $10.91 on Friday. The business has a 50 day simple moving average of $12.39 and a 200 day simple moving average of $11.27. 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 company has a market capitalization of $5.49 billion, a PE ratio of 25.37 and a beta of 1.09. Super Group has a one year low of $5.45 and a one year high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $436.19 million. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%. On average, sell-side analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 18th were given a $0.04 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.5%. Super Group (SGHC)’s payout ratio is 37.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Super Group (SGHC) by 21.3% in the first quarter. Bank of New York Mellon Corp now owns 360,842 shares of the company’s stock worth $2,324,000 after purchasing an additional 63,453 shares in the last quarter. Cetera Investment Advisers acquired a new position in Super Group (SGHC) during the 1st quarter valued at about $529,000. Pacer Advisors Inc. boosted its stake in shares of Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock valued at $30,000 after purchasing an additional 1,662 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Super Group (SGHC) by 349.9% during the 1st quarter. Mackenzie Financial Corp now owns 254,318 shares of the company’s stock worth $1,638,000 after buying an additional 197,795 shares during the period. Finally, Fiera Capital Corp bought a new stake in shares of Super Group (SGHC) during the first quarter worth approximately $3,878,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Canaccord Genuity Group upped their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 19th. UBS Group set a $18.00 price objective on Super Group (SGHC) in a research report on Thursday, September 18th. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Super Group (SGHC) in a research report on Monday, October 13th. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $16.40.

Super Group (SGHC) 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.