Convergence Financial LLC Invests $573,000 in Super Group (SGHC) Limited $SGHC

Convergence Financial LLC purchased a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 47,932 shares of the company’s stock, valued at approximately $573,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its stake in shares of Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares during the last quarter. Teza Capital Management LLC acquired a new position in shares of Super Group (SGHC) during the 2nd quarter worth $121,000. PNC Financial Services Group Inc. increased its stake in shares of Super Group (SGHC) by 7,056.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,594 shares of the company’s stock worth $139,000 after purchasing an additional 11,432 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Super Group (SGHC) during the 3rd quarter worth $141,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Super Group (SGHC) during the 3rd quarter worth $144,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $13.05 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 27.01 and a beta of 1.08. The company’s fifty day moving average is $12.14 and its two-hundred day moving average is $11.20. Super Group has a 52-week low of $8.46 and a 52-week high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. Equities research analysts forecast that Super Group will post 0.8 EPS for the current year.

Analyst Ratings Changes

SGHC has been the topic of several analyst reports. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Benchmark 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 note on Tuesday, February 24th. Finally, Citizens Jmp increased their price target on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.57.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Martine Nathan sold 4,761 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $50,990.31. Following the completion of the sale, the general counsel owned 30,172 shares in the company, valued at $323,142.12. This represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 285,979 shares of company stock valued at $3,356,623. Company insiders own 10.41% of the company’s stock.

Super Group (SGHC) Company Profile

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.