Phraction Management LLC Cuts Stake in Super Group Limited (NYSE:SGHC)

Phraction Management LLC cut its holdings in Super Group Limited (NYSE:SGHC - Free Report) by 81.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,031 shares of the company's stock after selling 128,355 shares during the period. Phraction Management LLC's holdings in Super Group were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SGHC. Helikon Investments Ltd bought a new position in shares of Super Group during the 3rd quarter worth about $6,431,000. State Street Corp increased its position in shares of Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company's stock worth $9,042,000 after acquiring an additional 194,460 shares in the last quarter. Barclays PLC raised its stake in shares of Super Group by 141.1% in the third quarter. Barclays PLC now owns 269,435 shares of the company's stock worth $978,000 after purchasing an additional 157,693 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Super Group by 133.3% during the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company's stock valued at $863,000 after acquiring an additional 135,865 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Super Group by 106.0% during the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company's stock valued at $824,000 after purchasing an additional 116,740 shares in the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 target price on shares of Super Group in a report on Wednesday, January 22nd. Canaccord Genuity Group upgraded shares of Super Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $5.00 to $10.00 in a report on Friday, January 24th. Oppenheimer boosted 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. Finally, Benchmark restated a "buy" rating and set a $10.00 price target on shares of Super Group in a research note on Monday, January 27th.

Super Group Price Performance

Shares of Super Group stock traded up $0.02 during trading hours on Monday, reaching $8.32. The company had a trading volume of 811,620 shares, compared to its average volume of 774,986. Super Group Limited has a one year low of $2.90 and a one year high of $8.51. The firm has a market cap of $4.14 billion, a PE ratio of 138.61 and a beta of 0.99. The business has a fifty day simple moving average of $6.88 and a 200 day simple moving average of $5.18.

Super Group Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were paid a dividend of $0.15 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend was Monday, December 23rd. Super Group's dividend payout ratio is 166.67%.

Super Group 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.