Rhumbline Advisers Acquires 18,248 Shares of Super Group Limited (NYSE:SGHC)

Rhumbline Advisers raised its holdings in shares of Super Group Limited (NYSE:SGHC) by 10.4% during the fourth quarter, HoldingsChannel reports. The fund owned 194,146 shares of the company’s stock after purchasing an additional 18,248 shares during the quarter. Rhumbline Advisers’ holdings in Super Group were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SGHC. Walleye Capital LLC bought a new stake in shares of Super Group during the 3rd quarter valued at $54,000. Intech Investment Management LLC purchased a new position in Super Group during the 3rd quarter valued at about $66,000. DGS Capital Management LLC bought a new stake in shares of Super Group during the fourth quarter valued at about $73,000. HighTower Advisors LLC lifted its holdings in shares of Super Group by 22.7% in the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after buying an additional 3,993 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Super Group by 2.8% in the third quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock worth $261,000 after buying an additional 1,959 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Price Performance

SGHC stock opened at $7.28 on Thursday. The firm has a 50 day simple moving average of $7.18 and a two-hundred day simple moving average of $5.56. The stock has a market cap of $3.62 billion, a PE ratio of 121.27 and a beta of 0.99. Super Group Limited has a one year low of $2.90 and a one year high of $8.51.

Super Group Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a $0.04 dividend. The ex-dividend date is Monday, March 10th. This represents a yield of 3.6%. Super Group’s dividend payout ratio (DPR) is presently 266.67%.

Analysts Set New Price Targets

Several brokerages recently commented on SGHC. Needham & Company LLC boosted their price objective on shares of Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer boosted their price target on shares of Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Super Group in a research report on Monday, January 27th. Finally, Canaccord Genuity Group boosted 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.

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.