Shares of Super Group Limited (NYSE:SGHC - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $8.44 and last traded at $8.41, with a volume of 205555 shares traded. The stock had previously closed at $8.30.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on SGHC shares. Needham & Company LLC reissued a "buy" rating and set a $9.00 price target on shares of Super Group in a research report on Wednesday, January 22nd. Benchmark reiterated a "buy" rating and set a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Canaccord Genuity Group raised shares of Super Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $5.00 to $10.00 in a research note on Friday, January 24th. Finally, Oppenheimer increased their price target on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th.
Read Our Latest Research Report on Super Group
Super Group Price Performance
The firm has a fifty day moving average of $6.74 and a 200 day moving average of $5.01. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 138.86 and a beta of 0.99.
Super Group Announces Dividend
The company also recently declared a -- dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a yield of 5.7%. Super Group's dividend payout ratio is presently 166.69%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Walleye Capital LLC purchased a new position in shares of Super Group in the 3rd quarter valued at about $54,000. Algert Global LLC grew its holdings in Super Group by 54.5% in the second quarter. Algert Global LLC now owns 19,036 shares of the company's stock valued at $61,000 after purchasing an additional 6,711 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Super Group in the third quarter valued at approximately $66,000. Burns Matteson Capital Management LLC acquired a new position in shares of Super Group during the 3rd quarter worth approximately $70,000. Finally, DGS Capital Management LLC purchased a new position in shares of Super Group during the 4th quarter valued at approximately $73,000. Institutional investors and hedge funds own 5.09% of the company's stock.
Super Group Company Profile
(
Get Free Report)
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.
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