State of New Jersey Common Pension Fund D Makes New Investment in Super Group Limited (NYSE:SGHC)

State of New Jersey Common Pension Fund D acquired a new stake in shares of Super Group Limited (NYSE:SGHC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,454 shares of the company's stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SGHC. Helikon Investments Ltd acquired a new position in Super Group during the 3rd quarter valued at approximately $6,431,000. State Street Corp raised its stake in Super Group by 8.5% during the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company's stock valued at $9,042,000 after acquiring an additional 194,460 shares in the last quarter. Barclays PLC raised its stake in Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company's stock valued at $978,000 after acquiring an additional 157,693 shares in the last quarter. GSA Capital Partners LLP raised 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. raised its stake in Super Group by 106.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company's stock valued at $824,000 after acquiring an additional 116,740 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group Stock Performance

Shares of SGHC stock traded down $0.08 on Friday, reaching $7.50. 757,149 shares of the company's stock traded hands, compared to its average volume of 804,863. Super Group Limited has a 12-month low of $2.90 and a 12-month high of $8.51. The company has a market capitalization of $3.73 billion, a P/E ratio of 124.94 and a beta of 0.99. The business's 50 day moving average price is $7.14 and its two-hundred day moving average price is $5.48.

Super Group Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a yield of 3.6%. Super Group's dividend payout ratio (DPR) is currently 166.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SGHC shares. Oppenheimer boosted their price objective on Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group boosted their target price on Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday. Needham & Company LLC lifted their price target on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Super Group in a report on Monday, January 27th.

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.