Exchange Traded Concepts LLC Sells 193,485 Shares of Super Group (SGHC) Limited $SGHC

Exchange Traded Concepts LLC lowered its position in Super Group (SGHC) Limited (NYSE:SGHC) by 42.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,906 shares of the company’s stock after selling 193,485 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Super Group (SGHC) were worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. raised its stake in shares of Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares in the last quarter. Scotia Capital Inc. purchased a new stake in shares of Super Group (SGHC) in the 2nd quarter valued at $113,000. Pacer Advisors Inc. boosted its stake in shares of Super Group (SGHC) by 78.9% in the 3rd quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock valued at $137,000 after purchasing an additional 4,567 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Super Group (SGHC) during the 3rd quarter valued at $141,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Super Group (SGHC) during the 3rd quarter valued at $144,000. 5.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Benchmark raised their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Zacks Research upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. BTIG Research lowered their target price on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $16.75.

Super Group (SGHC) Stock Up 4.2%

Shares of NYSE SGHC opened at $10.81 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 52 week low of $5.59 and a 52 week high of $14.38. The firm’s fifty day moving average is $10.10 and its 200 day moving average is $11.27. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 25.13 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.05 dividend. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Super Group (SGHC)’s payout ratio is 46.51%.

About Super Group (SGHC)

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.