Super Group (NYSE:SGHC) Earns Buy Rating from Analysts at BTIG Research

BTIG Research assumed coverage on shares of Super Group (NYSE:SGHC) in a report published on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $9.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Super Group in a research report on Monday, January 27th. Canaccord Genuity Group increased their target price on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer boosted their price target on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC raised their price objective on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $10.20.

Super Group Price Performance

NYSE SGHC opened at $6.63 on Friday. The company has a market cap of $3.30 billion, a P/E ratio of 110.45 and a beta of 1.00. Super Group has a 12 month low of $2.90 and a 12 month high of $8.51. The company has a 50-day moving average of $7.49 and a 200-day moving average of $6.00.

Super Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a dividend of $0.04 per share. The ex-dividend date was Monday, March 10th. This represents a yield of 3.6%. Super Group’s dividend payout ratio (DPR) is 266.67%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SGHC. Helikon Investments Ltd grew 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 buying an additional 1,462,418 shares in the last quarter. Invesco Ltd. boosted its holdings in Super Group by 500.9% in the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock worth $9,306,000 after acquiring an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Super Group by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock valued at $8,106,000 after acquiring an additional 1,018,664 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Super Group by 332.8% during the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company’s stock valued at $6,118,000 after purchasing an additional 755,044 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Super Group by 19.4% during the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock worth $27,120,000 after purchasing an additional 707,723 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.