Globeflex Capital L P Acquires New Holdings in Super Group Limited (NYSE:SGHC)

Globeflex Capital L P purchased a new stake in Super Group Limited (NYSE:SGHC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 92,508 shares of the company's stock, valued at approximately $576,000.

A number of other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Super Group by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,798 shares of the company's stock valued at $2,260,000 after purchasing an additional 8,232 shares during the period. New York State Common Retirement Fund boosted its stake in Super Group by 40.3% during the fourth quarter. New York State Common Retirement Fund now owns 53,814 shares of the company's stock worth $335,000 after buying an additional 15,463 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Super Group in the 4th quarter valued at $233,000. Rhumbline Advisers raised its stake in shares of Super Group by 10.4% in the 4th quarter. Rhumbline Advisers now owns 194,146 shares of the company's stock valued at $1,210,000 after buying an additional 18,248 shares in the last quarter. Finally, Helikon Investments Ltd raised its stake in shares of Super Group by 82.5% in the 4th quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company's stock valued at $20,148,000 after buying an additional 1,462,418 shares in the last quarter. Institutional investors own 5.09% of the company's stock.

Super Group Stock Performance

SGHC traded up $0.14 during trading on Tuesday, reaching $6.85. 360,203 shares of the company's stock were exchanged, compared to its average volume of 537,737. The company's fifty day moving average price is $7.29 and its 200-day moving average price is $5.78. The firm has a market capitalization of $3.41 billion, a PE ratio of 113.94 and a beta of 1.00. Super Group Limited has a fifty-two week low of $2.90 and a fifty-two week high of $8.51.

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Super Group Dividend Announcement

The business 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 dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a dividend yield of 3.6%. Super Group's dividend payout ratio (DPR) is presently 266.67%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. 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. Needham & Company LLC raised their target price on Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group upped their price target on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th.

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.