Super Group (NYSE:SGHC) Hits New 12-Month High – Here’s What Happened

Super Group Limited (NYSE:SGHC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.44 and last traded at $8.41, with a volume of 205555 shares traded. The stock had previously closed at $8.30.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Benchmark restated a “buy” rating and set a $10.00 price objective on shares of Super Group in a research report on Monday, January 27th. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Super Group in a research report on Wednesday, January 22nd. Oppenheimer raised their price objective on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group upgraded shares of Super Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $5.00 to $10.00 in a research report on Friday, January 24th.

Super Group Price Performance

The company has a market cap of $4.15 billion, a PE ratio of 138.86 and a beta of 0.99. The company’s 50 day simple moving average is $6.70 and its two-hundred day simple moving average is $4.97.

Super Group Dividend Announcement

The business also recently announced a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.15 per share. This represents a yield of 5.7%. The ex-dividend date was Monday, December 23rd. Super Group’s dividend payout ratio (DPR) is presently 166.69%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SGHC. Helikon Investments Ltd boosted its stake in shares of Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock valued at $20,148,000 after purchasing an additional 1,462,418 shares during the period. State Street Corp boosted its stake in shares of Super Group by 8.5% in the third quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after purchasing an additional 194,460 shares during the period. Geode Capital Management LLC boosted its stake in shares of Super Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock valued at $6,327,000 after purchasing an additional 14,507 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Super Group by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,798 shares of the company’s stock valued at $2,260,000 after purchasing an additional 8,232 shares during the period. Finally, Barclays PLC boosted its stake in shares of Super Group by 141.1% in the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock valued at $978,000 after purchasing an additional 157,693 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group 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.