Beacon Pointe Advisors LLC Decreases Stake in Super Group (SGHC) Limited $SGHC

Beacon Pointe Advisors LLC cut its stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 44.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,436 shares of the company’s stock after selling 45,000 shares during the period. Beacon Pointe Advisors LLC’s holdings in Super Group (SGHC) were worth $608,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SGHC. Cetera Investment Advisers purchased a new position in Super Group (SGHC) in the first quarter worth approximately $529,000. Entropy Technologies LP acquired a new stake in shares of Super Group (SGHC) in the 1st quarter valued at $132,000. Aigen Investment Management LP purchased a new stake in shares of Super Group (SGHC) during the 1st quarter worth $96,000. Nuveen LLC purchased a new stake in shares of Super Group (SGHC) during the 1st quarter worth $4,608,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Super Group (SGHC) by 576.7% during the first quarter. Russell Investments Group Ltd. now owns 162,239 shares of the company’s stock worth $1,045,000 after purchasing an additional 138,264 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SGHC has been the topic of a number of analyst reports. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Canaccord Genuity Group increased their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 19th. Macquarie reissued an “outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. UBS Group set a $18.00 price target on Super Group (SGHC) in a report on Thursday, September 18th. Finally, Needham & Company LLC increased their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $16.30.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $11.20 on Monday. The company’s 50 day simple moving average is $12.17 and its 200-day simple moving average is $11.41. The firm has a market cap of $5.64 billion, a PE ratio of 26.04 and a beta of 1.09. Super Group has a 12-month low of $5.45 and a 12-month high of $14.38. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. As a group, equities analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, December 15th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

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.