Stock Traders Buy Large Volume of Super Group Call Options (NYSE:SGHC)

Super Group Limited (NYSE:SGHC - Get Free Report) saw some unusual options trading on Monday. Investors purchased 13,768 call options on the company. This is an increase of 3,291% compared to the average volume of 406 call options.

Super Group Trading Up 1.8 %

SGHC traded up $0.12 during trading on Friday, reaching $6.62. 19,591 shares of the company were exchanged, compared to its average volume of 811,905. The stock has a market cap of $3.29 billion, a P/E ratio of 110.27 and a beta of 1.00. The firm has a 50 day moving average of $7.26 and a 200 day moving average of $5.70. Super Group has a 52 week low of $2.90 and a 52 week high of $8.51.

Super Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, March 10th. This represents a yield of 3.6%. Super Group's dividend payout ratio (DPR) is presently 266.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SGHC. Helikon Investments Ltd lifted its holdings in shares of Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company's stock valued at $20,148,000 after buying an additional 1,462,418 shares during the period. Invesco Ltd. lifted its holdings in shares of Super Group by 500.9% in the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after buying an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Super Group by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after buying an additional 1,018,664 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Super Group by 332.8% in the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock valued at $6,118,000 after buying an additional 755,044 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Super Group by 19.4% in the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock valued at $27,120,000 after buying an additional 707,723 shares during the period. Institutional investors and hedge funds own 5.09% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have issued reports on SGHC shares. Needham & Company LLC upped their target price on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their price target on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Benchmark reiterated a "buy" rating and issued a $10.00 price target on shares of Super Group in a report on Monday, January 27th. Finally, Oppenheimer boosted their price target on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th.

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.