Price T Rowe Associates Inc. MD Raises Stake in Super Group Limited (NYSE:SGHC)

Price T Rowe Associates Inc. MD lifted its position in shares of Super Group Limited (NYSE:SGHC) by 22.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,420 shares of the company’s stock after buying an additional 10,799 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Super Group were worth $371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Super Group during the fourth quarter worth approximately $66,000. Xponance Inc. purchased a new stake in Super Group during the fourth quarter worth approximately $67,000. DGS Capital Management LLC purchased a new stake in Super Group during the fourth quarter worth approximately $73,000. Fox Run Management L.L.C. purchased a new stake in Super Group during the fourth quarter worth approximately $75,000. Finally, Cibc World Markets Corp purchased a new stake in Super Group during the fourth quarter worth approximately $87,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Super Group in a research note on Friday, March 28th. They set a “buy” rating and a $9.00 price objective for the company. Needham & Company LLC boosted their price objective on shares of Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer boosted their target price 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. Benchmark reissued a “buy” rating and set a $12.00 target price on shares of Super Group in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group boosted their target price on shares of Super Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $11.20.

Super Group Stock Performance

Super Group stock opened at $8.64 on Thursday. The company has a 50-day simple moving average of $7.36 and a 200-day simple moving average of $6.86. The firm has a market capitalization of $4.35 billion, a P/E ratio of 144.02 and a beta of 1.01. Super Group Limited has a one year low of $2.91 and a one year high of $9.17.

Super Group (NYSE:SGHC) last announced its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. As a group, sell-side analysts forecast that Super Group Limited will post 0.29 earnings per share for the current year.

Super Group Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a $0.04 dividend. The ex-dividend date was Monday, March 10th. This represents a yield of 3.6%. Super Group’s dividend payout ratio is presently 59.26%.

About Super Group

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.