Super Group (NYSE:SGHC) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Super Group (NYSE:SGHC) in a report issued on Friday, Benzinga reports. Needham & Company LLC currently has a $6.00 price objective on the stock.

Separately, Benchmark reiterated a buy rating and issued a $5.00 price target on shares of Super Group in a research report on Thursday, August 8th.

Super Group Trading Up 0.3 %

NYSE:SGHC opened at $3.04 on Friday. Super Group has a 1-year low of $2.63 and a 1-year high of $3.98. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 25.33 and a beta of 0.71. The business’s 50-day moving average price is $3.41 and its two-hundred day moving average price is $3.37.

Super Group Dividend Announcement

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

Institutional Investors Weigh In On Super Group

Large investors have recently modified their holdings of the business. Gabelli Funds LLC acquired a new position in shares of Super Group in the 1st quarter valued at approximately $138,000. Jacobs Levy Equity Management Inc. increased its position in shares of Super Group by 318.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 118,651 shares of the company’s stock worth $409,000 after acquiring an additional 90,289 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Super Group by 78.6% during the fourth quarter. SG Americas Securities LLC now owns 31,640 shares of the company’s stock worth $100,000 after acquiring an additional 13,928 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Super Group during the first quarter worth $31,000. Finally, Bleakley Financial Group LLC bought a new stake in Super Group in the 1st quarter valued at $47,000. 5.09% of the stock is currently owned by institutional investors.

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.