Super Group Target of Unusually Large Options Trading (NYSE:SGHC)

Super Group Limited (NYSE:SGHC) was the target of some unusual options trading activity on Monday. Stock investors acquired 13,768 call options on the stock. This is an increase of approximately 3,291% compared to the average volume of 406 call options.

Hedge Funds Weigh In On Super Group

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in shares of Super Group by 19.4% during the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock worth $27,120,000 after purchasing an additional 707,723 shares in the last quarter. Helikon Investments Ltd increased its position in Super Group by 82.5% during 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 in the last quarter. State Street Corp raised its holdings in shares of Super Group by 8.5% in the third 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 last quarter. Geode Capital Management LLC lifted its position in shares of Super Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock valued at $6,327,000 after acquiring an additional 14,507 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Super Group by 500.9% during the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock valued at $9,306,000 after acquiring an additional 1,245,185 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SGHC has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Super Group in a report on Monday, January 27th. Oppenheimer raised their target price on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Canaccord Genuity Group boosted their price objective on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC upped their target price on shares of Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

Super Group Stock Performance

Super Group stock opened at $6.74 on Wednesday. Super Group has a fifty-two week low of $2.90 and a fifty-two week high of $8.51. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 112.27 and a beta of 1.00. The stock’s fifty day moving average is $7.25 and its two-hundred day moving average is $5.69.

Super Group Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a yield of 3.6%. Super Group’s payout ratio is 266.67%.

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.