SG Americas Securities LLC Acquires 19,631 Shares of Super Group Limited (NYSE:SGHC)

SG Americas Securities LLC grew its holdings in Super Group Limited (NYSE:SGHC) by 40.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,551 shares of the company’s stock after acquiring an additional 19,631 shares during the quarter. SG Americas Securities LLC’s holdings in Super Group were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SGHC. Renaissance Technologies LLC increased its stake in shares of Super Group by 82.1% in the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock valued at $955,000 after acquiring an additional 133,300 shares during the last quarter. ProShare Advisors LLC lifted its position in Super Group by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after acquiring an additional 12,037 shares in the last quarter. AQR Capital Management LLC acquired a new position in Super Group in the 2nd quarter worth $77,000. The Manufacturers Life Insurance Company increased its holdings in Super Group by 10.1% during 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. Finally, Algert Global LLC raised its stake in shares of Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after purchasing an additional 6,711 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group Stock Performance

Super Group stock opened at $8.08 on Monday. The stock’s 50 day moving average price is $6.57 and its two-hundred day moving average price is $4.85. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 134.69 and a beta of 0.95. Super Group Limited has a 52-week low of $2.90 and a 52-week high of $8.44.

Super Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on SGHC. Oppenheimer increased their price objective on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Super Group in a research note on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price objective on shares of Super Group in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised 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, January 24th.

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.