Super Group (NYSE:SGHC) Hits New 1-Year High – What’s Next?

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.

Analyst Upgrades and Downgrades

SGHC has been the subject of a number of analyst reports. Benchmark lifted their price target on Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of Super Group in a report on Wednesday. Canaccord Genuity Group raised Super Group from a “hold” rating to a “buy” rating and increased their price target for the company from $5.00 to $10.00 in a research report on Friday. Finally, Oppenheimer lifted their price objective 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.

Super Group Stock Up 16.3 %

The stock has a 50-day moving average of $6.35 and a 200 day moving average of $4.68. The company has a market capitalization of $3.94 billion, a PE ratio of 132.06 and a beta of 0.95.

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 given a dividend of $0.15 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, December 23rd. Super Group’s dividend payout ratio is presently 166.69%.

Hedge Funds Weigh In On Super Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 last quarter. DGS Capital Management LLC purchased a new stake in shares of Super Group in the fourth quarter worth about $73,000. SG Americas Securities LLC boosted its holdings in Super Group by 40.1% in 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 during the period. JPMorgan Chase & Co. boosted its stake in Super Group by 106.0% during the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock valued at $824,000 after buying an additional 116,740 shares during the period. Finally, Barclays PLC grew its position in Super Group by 141.1% during the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after buying an additional 157,693 shares in the last quarter. 5.09% of the stock is 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.