Quadrature Capital Ltd Reduces Holdings in Super Group Limited (NYSE:SGHC)

Quadrature Capital Ltd trimmed its position in shares of Super Group Limited (NYSE:SGHC) by 70.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,949 shares of the company’s stock after selling 45,868 shares during the quarter. Quadrature Capital Ltd’s holdings in Super Group were worth $69,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Helikon Investments Ltd purchased a new stake in shares of Super Group during the third quarter worth approximately $6,431,000. American Century Companies Inc. increased its position in shares of Super Group by 6,842.6% during the second quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock worth $3,144,000 after purchasing an additional 959,271 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Super Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock worth $2,964,000 after purchasing an additional 61,937 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Super Group by 26.1% during the second quarter. Bank of New York Mellon Corp now owns 420,320 shares of the company’s stock worth $1,358,000 after purchasing an additional 87,118 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Super Group by 82.1% during the second quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after purchasing an additional 133,300 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SGHC shares. Needham & Company LLC boosted their price objective on Super Group from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday. Benchmark boosted their price objective on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Oppenheimer raised Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research note on Thursday, November 7th.

Super Group Stock Down 2.5 %

Shares of Super Group stock opened at $6.75 on Friday. Super Group Limited has a 52 week low of $2.63 and a 52 week high of $7.12. The business’s fifty day simple moving average is $5.21 and its 200-day simple moving average is $4.06. The firm has a market cap of $3.36 billion, a PE ratio of 112.50 and a beta of 0.94.

Super Group Announces Dividend

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

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.