Phraction Management LLC Sells 128,355 Shares of Super Group Limited (NYSE:SGHC)

Phraction Management LLC cut its holdings in Super Group Limited (NYSE:SGHC) by 81.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,031 shares of the company’s stock after selling 128,355 shares during the quarter. Phraction Management LLC’s holdings in Super Group were worth $187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Walleye Capital LLC acquired a new stake in shares of Super Group during the third quarter worth $54,000. Intech Investment Management LLC bought a new position in Super Group in the third quarter valued at $66,000. DGS Capital Management LLC bought a new position in shares of Super Group in the 4th quarter valued at about $73,000. AQR Capital Management LLC bought a new position in shares of Super Group in the 2nd quarter valued at about $77,000. Finally, HighTower Advisors LLC grew its position in shares of Super Group by 22.7% in the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock valued at $78,000 after acquiring an additional 3,993 shares during the period. 5.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on SGHC shares. Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $5.00 to $10.00 in a report on Friday, January 24th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price objective on shares of Super Group in a research note on Wednesday, January 22nd. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Super Group in a research note on Monday, January 27th. Finally, Oppenheimer upped their price target on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th.

Super Group Stock Up 0.1 %

SGHC stock opened at $8.26 on Thursday. The firm has a market cap of $4.11 billion, a PE ratio of 137.69 and a beta of 0.99. The business has a 50 day moving average of $6.82 and a 200-day moving average of $5.10. Super Group Limited has a 12-month low of $2.90 and a 12-month high of $8.46.

Super Group Dividend Announcement

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