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

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SGHC shares. Oppenheimer lifted their price target on Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Super Group in a report on Wednesday. Canaccord Genuity Group upgraded Super Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $5.00 to $10.00 in a report on Friday. Finally, Benchmark boosted their price objective on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Super Group Stock Up 14.5 %

The business’s 50 day simple moving average is $6.30 and its two-hundred 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 disclosed a — dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were issued a $0.15 dividend. The ex-dividend date was Monday, December 23rd. This represents a yield of 5.7%. Super Group’s payout ratio is 166.69%.

Institutional Trading of Super Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Helikon Investments Ltd acquired a new stake in Super Group during the 3rd quarter worth about $6,431,000. American Century Companies Inc. grew its holdings in Super Group by 6,842.6% during the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock worth $3,144,000 after acquiring an additional 959,271 shares during the period. State Street Corp grew its holdings in Super Group by 8.5% during 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 grew its holdings in Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after acquiring an additional 157,693 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in Super Group by 133.3% during the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock worth $863,000 after acquiring an additional 135,865 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.