Super Group (NYSE:SGHC) Reaches New 1-Year High – Here’s Why

Super Group Limited (NYSE:SGHC) hit a new 52-week high on Friday . The stock traded as high as $7.20 and last traded at $7.51, with a volume of 34094 shares trading hands. The stock had previously closed at $6.81.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SGHC. Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and raised their price target for the company from $5.00 to $10.00 in a research report on Friday. Benchmark raised their price target on shares of Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of Super Group in a research report on Wednesday. Finally, Oppenheimer raised their price target on shares of Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, December 13th.

Super Group Trading Up 14.5 %

The company’s 50-day simple moving average is $6.30 and its 200 day simple moving average is $4.64. The stock has a market cap of $3.88 billion, a P/E ratio of 130.56 and a beta of 0.95.

Super Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Helikon Investments Ltd grew its position in shares of Super Group by 82.5% during the 4th 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 in the last quarter. DGS Capital Management LLC purchased a new position in shares of Super Group during the 4th quarter valued at $73,000. SG Americas Securities LLC grew its position in shares of Super Group by 40.1% during the 4th quarter. SG Americas Securities LLC now owns 68,551 shares of the company’s stock valued at $427,000 after purchasing an additional 19,631 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 in the last quarter. Finally, Barclays PLC grew its position in shares of Super Group by 141.1% during 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 in the last quarter. 5.09% of the stock is currently 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.