Super Group (NYSE:SGHC) Shares Down 6.2%

Super Group Limited (NYSE:SGHC) shares were down 6.2% during mid-day trading on Wednesday . The stock traded as low as $3.13 and last traded at $3.17. Approximately 202,480 shares traded hands during trading, a decline of 50% from the average daily volume of 405,431 shares. The stock had previously closed at $3.38.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 price target on shares of Super Group in a research note on Thursday, May 9th.

Super Group Stock Down 8.3 %

The company’s fifty day simple moving average is $3.46 and its 200 day simple moving average is $3.37. The firm has a market capitalization of $1.54 billion, a PE ratio of 26.33 and a beta of 0.71.

Super Group (NYSE:SGHC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Super Group had a return on equity of 11.56% and a net margin of 4.33%. The firm had revenue of $411.77 million during the quarter, compared to the consensus estimate of $403.40 million. Equities research analysts forecast that Super Group Limited will post 0.35 EPS for the current year.

Super Group Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, July 17th. Shareholders of record on Monday, July 8th were paid a dividend of $0.10 per share. This represents a dividend yield of 3.14%. The ex-dividend date was Monday, July 8th. Super Group’s dividend payout ratio is 83.33%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in shares of Super Group in the 1st quarter worth about $31,000. Cowen AND Company LLC bought a new position in shares of Super Group in the fourth quarter worth approximately $32,000. Simplicity Wealth LLC purchased a new stake in shares of Super Group during the first quarter valued at approximately $47,000. Bleakley Financial Group LLC bought a new stake in shares of Super Group during the first quarter valued at approximately $47,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Super Group during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.