Cibc World Markets Corp Takes Position in Super Group Limited (NYSE:SGHC)

Cibc World Markets Corp purchased a new position in Super Group Limited (NYSE:SGHC) during the 4th quarter, HoldingsChannel reports. The firm purchased 14,023 shares of the company’s stock, valued at approximately $87,000.

Other hedge funds have also made changes to their positions in the company. Helikon Investments Ltd increased its position in Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock worth $20,148,000 after buying an additional 1,462,418 shares during the period. State Street Corp increased its holdings in shares of Super Group by 8.5% in the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock worth $9,042,000 after acquiring an additional 194,460 shares during the period. Barclays PLC lifted its position in Super Group by 141.1% in the 3rd 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 last quarter. JPMorgan Chase & Co. boosted its stake in Super Group by 106.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock valued at $824,000 after purchasing an additional 116,740 shares during the period. Finally, Globeflex Capital L P bought a new position in Super Group in the 4th quarter worth about $576,000. Institutional investors own 5.09% of the company’s stock.

Wall Street Analysts Forecast Growth

SGHC has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Canaccord Genuity Group lifted their target price on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Super Group in a research note on Monday, January 27th. Finally, Needham & Company LLC lifted 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.

Super Group Price Performance

SGHC opened at $6.77 on Friday. The business has a 50 day moving average price of $7.47 and a two-hundred day moving average price of $5.94. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 112.77 and a beta of 1.00. Super Group Limited has a 1-year low of $2.90 and a 1-year high of $8.51.

Super Group Dividend Announcement

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

Super Group 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.