Super Group (NYSE:SGHC) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Super Group (NYSE:SGHC) in a report issued on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $9.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on SGHC. Benchmark lifted their price objective on shares of Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Oppenheimer lifted their price target on shares of Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

Super Group Trading Up 7.9 %

NYSE:SGHC opened at $6.73 on Wednesday. The stock has a 50-day moving average price of $6.27 and a 200 day moving average price of $4.62. The stock has a market capitalization of $3.35 billion, a P/E ratio of 112.10 and a beta of 0.95. Super Group has a 12-month low of $2.90 and a 12-month high of $7.12.

Super Group Dividend Announcement

The company also recently announced a — dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were given a dividend of $0.15 per share. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group’s dividend payout ratio is currently 166.67%.

Institutional Investors Weigh In On Super Group

A number of hedge funds have recently bought and sold shares of SGHC. Walleye Capital LLC bought a new stake in shares of Super Group in the 3rd quarter worth about $54,000. Algert Global LLC grew its position in Super Group by 54.5% in the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after acquiring an additional 6,711 shares in the last quarter. Intech Investment Management LLC bought a new stake in Super Group during the third quarter worth approximately $66,000. Burns Matteson Capital Management LLC bought a new stake in Super Group during the third quarter worth approximately $70,000. Finally, DGS Capital Management LLC bought a new stake in shares of Super Group in the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Company Profile

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.