Super Group Limited (NYSE:SGHC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Super Group Limited (NYSE:SGHC - Free Report) by 332.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 981,950 shares of the company's stock after purchasing an additional 755,044 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Super Group worth $6,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SGHC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Super Group during the 4th quarter valued at about $66,000. Xponance Inc. purchased a new position in shares of Super Group during the fourth quarter worth approximately $67,000. DGS Capital Management LLC bought a new stake in shares of Super Group during the fourth quarter valued at approximately $73,000. Fox Run Management L.L.C. purchased a new stake in shares of Super Group in the fourth quarter valued at approximately $75,000. Finally, Cibc World Markets Corp bought a new position in Super Group in the fourth quarter worth approximately $87,000. Institutional investors own 5.09% of the company's stock.

Super Group Price Performance

Super Group stock traded down $0.17 during trading hours on Monday, reaching $7.47. The stock had a trading volume of 544,139 shares, compared to its average volume of 605,741. Super Group Limited has a 52 week low of $2.90 and a 52 week high of $8.51. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 124.52 and a beta of 1.05. The business's 50 day moving average price is $7.17 and its 200-day moving average price is $6.37.

Super Group (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The firm had revenue of $517.61 million during the quarter, compared to analyst estimates of $413.00 million. On average, sell-side analysts forecast that Super Group Limited will post 0.29 EPS for the current fiscal year.

Super Group Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a $0.04 dividend. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 3.6%. Super Group's payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Canaccord Genuity Group upped their target price on Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. BTIG Research initiated coverage on shares of Super Group in a research note on Friday, March 28th. They issued a "buy" rating and a $9.00 price objective for the company. Oppenheimer increased their target price 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. Benchmark restated a "buy" rating and issued a $12.00 price target on shares of Super Group in a report on Wednesday, April 16th. Finally, Needham & Company LLC increased their price objective on shares of Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $10.60.

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.