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

Super Group Limited (NYSE:SGHC) was the recipient of unusually large options trading activity on Monday. Investors acquired 13,768 call options on the company. This is an increase of 3,291% compared to the typical volume of 406 call options.

Wall Street Analyst Weigh In

SGHC has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Super Group in a report on Monday, January 27th. Needham & Company LLC boosted their price target on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer raised their price objective on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group increased their target price on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Super Group

Large investors have recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new stake in Super Group during the 4th quarter worth approximately $352,000. Public Employees Retirement System of Ohio bought a new position in Super Group during the 4th quarter worth $327,000. Principal Street Partners LLC boosted its holdings in Super Group by 22.7% in the 4th quarter. Principal Street Partners LLC now owns 21,576 shares of the company’s stock valued at $134,000 after purchasing an additional 3,993 shares during the period. State of Wyoming raised its stake in Super Group by 62.2% in the fourth quarter. State of Wyoming now owns 71,255 shares of the company’s stock valued at $444,000 after purchasing an additional 27,335 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in Super Group by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 42,200 shares of the company’s stock valued at $263,000 after acquiring an additional 13,885 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Super Group Price Performance

Shares of NYSE SGHC traded down $0.15 during trading hours on Monday, hitting $6.82. 184,874 shares of the stock were exchanged, compared to its average volume of 800,739. Super Group has a one year low of $2.90 and a one year high of $8.51. The company’s 50 day moving average is $7.22 and its 200 day moving average is $5.64. The firm has a market capitalization of $3.39 billion, a P/E ratio of 113.40 and a beta of 1.00.

Super Group Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, March 10th. Super Group’s payout ratio is presently 266.67%.

About Super Group

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.