Super Group (NYSE:SGHC) Shares Gap Up After Analyst Upgrade

Super Group Limited (NYSE:SGHC) shares gapped up before the market opened on Friday after Oppenheimer raised their price target on the stock from $6.00 to $9.00. The stock had previously closed at $6.75, but opened at $6.95. Oppenheimer currently has an outperform rating on the stock. Super Group shares last traded at $6.80, with a volume of 70,503 shares.

SGHC has been the subject of a number of other research reports. Needham & Company LLC raised their target price on shares of Super Group from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday. Benchmark increased their price objective 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.

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently made changes to their positions in SGHC. Helikon Investments Ltd bought a new position in shares of Super Group in the third quarter valued at $6,431,000. American Century Companies Inc. grew its position in shares of Super Group by 6,842.6% in the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock valued at $3,144,000 after acquiring an additional 959,271 shares during the period. State Street Corp increased its stake in shares of 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 purchasing an additional 194,460 shares during the last quarter. Barclays PLC raised its holdings in shares of Super Group by 141.1% in the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock valued at $978,000 after purchasing an additional 157,693 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in Super Group by 133.3% in the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock valued at $863,000 after purchasing an additional 135,865 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Super Group Stock Up 0.1 %

The business has a fifty day moving average of $5.26 and a 200 day moving average of $4.08. The firm has a market cap of $3.37 billion, a P/E ratio of 112.69 and a beta of 0.95.

Super Group Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group’s dividend payout ratio is currently 166.69%.

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.