Benchmark Reiterates “Buy” Rating for Super Group (NYSE:SGHC)

Benchmark reissued their buy rating on shares of Super Group (NYSE:SGHC) in a research report sent to investors on Monday morning,Benzinga reports. Benchmark currently has a $10.00 price target on the stock.

Several other brokerages have also recently commented on SGHC. Canaccord Genuity Group raised Super Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $5.00 to $10.00 in a research note on Friday, January 24th. Oppenheimer boosted their target price on shares of Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Super Group in a research note on Wednesday, January 22nd.

Super Group Trading Up 0.8 %

Shares of NYSE:SGHC opened at $8.15 on Monday. The business has a fifty day simple moving average of $6.48 and a 200 day simple moving average of $4.78. Super Group has a 1 year low of $2.90 and a 1 year high of $8.28. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 135.77 and a beta of 0.95.

Super Group Dividend Announcement

The business also recently declared a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 5.7%. Super Group’s dividend payout ratio (DPR) is presently 166.69%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Caprock Group LLC grew its position in shares of Super Group by 2.8% in the third quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock valued at $261,000 after purchasing an additional 1,959 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Super Group by 22.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after purchasing an additional 3,993 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Super Group by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after purchasing an additional 5,005 shares during the period. Algert Global LLC grew its holdings in Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after buying an additional 6,711 shares during the last quarter. Finally, DGS Capital Management LLC bought a new position in Super Group in the 4th quarter worth approximately $73,000. Institutional investors own 5.09% of the company’s stock.

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.