Shares of Super Group Limited (NYSE:SGHC - Get Free Report) gapped up before the market opened on Friday after Oppenheimer raised their price target on the stock from $6.00 to $9.00. The stock had previously closed at $6.75, but opened at $6.95. Oppenheimer currently has an outperform rating on the stock. Super Group shares last traded at $6.80, with a volume of 70,503 shares traded.
A number of other research firms also recently weighed in on SGHC. Needham & Company LLC raised their price target on shares of Super Group from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday. Benchmark raised their target price on shares of Super Group from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.
Check Out Our Latest Analysis on Super Group
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew 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. Geode Capital Management LLC lifted its holdings in Super Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company's stock worth $6,327,000 after buying an additional 14,507 shares during the period. State Street Corp grew its position in shares of Super Group by 8.5% in the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company's stock valued at $9,042,000 after buying an additional 194,460 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Super Group by 22.7% in the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company's stock valued at $78,000 after buying an additional 3,993 shares during the period. Finally, Walleye Capital LLC bought a new position in shares of Super Group during the third quarter worth about $54,000. Institutional investors and hedge funds own 5.09% of the company's stock.
Super Group Price Performance
The stock has a 50 day moving average of $5.26 and a 200 day moving average of $4.08. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 112.67 and a beta of 0.95.
Super Group Announces Dividend
The company also recently declared a -- dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group's dividend payout ratio (DPR) is currently 166.67%.
About Super Group
(
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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.
Further Reading
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