Stock Traders Purchase 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 Monday. Stock investors acquired 16,055 call options on the stock. This represents an increase of 64% compared to the typical volume of 9,810 call options.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock opened at $15.59 on Wednesday. The company has a market capitalization of $7.88 billion, a PE ratio of 32.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The company has a 50-day simple moving average of $13.79 and a two-hundred day simple moving average of $11.79. Super Group has a one year low of $8.46 and a one year high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, May 11th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The business had revenue of $612.00 million during the quarter, compared to analyst estimates of $584.75 million. Research analysts expect that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. Super Group (SGHC)’s dividend payout ratio is presently 41.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SGHC. BTIG Research boosted their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Benchmark boosted their price objective on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Citizens Jmp upped their target price on Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.43.

Insiders Place Their Bets

In other news, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Kirsty Farrah Ross sold 25,356 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total value of $329,628.00. Following the transaction, the chief operating officer owned 27,000 shares in the company, valued at approximately $351,000. This represents a 48.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 104,201 shares of company stock worth $1,409,805 in the last three months. Corporate insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new position in shares of Super Group (SGHC) during the fourth quarter worth $28,000. SBI Securities Co. Ltd. grew its stake in Super Group (SGHC) by 119.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after buying an additional 3,244 shares during the last quarter. Independent Financial Group LLC purchased a new position in Super Group (SGHC) during the 1st quarter worth $114,000. Wealthspire Advisors LLC acquired a new position in Super Group (SGHC) during the 4th quarter valued at about $120,000. Finally, Teza Capital Management LLC acquired a new position in Super Group (SGHC) during the 2nd quarter valued at about $121,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.