Helikon Investments Ltd Boosts Stock Position in Super Group Limited (NYSE:SGHC)

Helikon Investments Ltd lifted its stake in shares of Super Group Limited (NYSE:SGHC) by 82.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,234,022 shares of the company’s stock after acquiring an additional 1,462,418 shares during the quarter. Super Group makes up approximately 2.1% of Helikon Investments Ltd’s holdings, making the stock its 12th biggest position. Helikon Investments Ltd owned about 0.65% of Super Group worth $20,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SGHC. Caprock Group LLC lifted its position 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 valued at $261,000 after acquiring an additional 1,959 shares in the last quarter. HighTower Advisors LLC raised its stake in Super Group by 22.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock valued at $78,000 after purchasing an additional 3,993 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Super Group by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock worth $176,000 after purchasing an additional 5,005 shares in the last quarter. Algert Global LLC boosted its stake in Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after purchasing an additional 6,711 shares during the period. Finally, DGS Capital Management LLC bought a new position in Super Group in the 4th quarter worth approximately $73,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group Stock Performance

Shares of SGHC opened at $7.92 on Monday. The stock has a market capitalization of $3.94 billion, a PE ratio of 132.06 and a beta of 0.95. The company’s fifty day moving average is $6.35 and its 200 day moving average is $4.69. Super Group Limited has a fifty-two week low of $2.90 and a fifty-two week high of $7.97.

Super Group Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group’s dividend payout ratio (DPR) is presently 166.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SGHC shares. Oppenheimer boosted their target price on shares of Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Benchmark boosted their price target on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $10.00 in a report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price on shares of Super Group in a report on Wednesday, January 22nd.

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.