Super Group’s (SGHC) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Super Group (NYSE:SGHC) in a report released on Wednesday,Benzinga reports. Needham & Company LLC currently has a $9.00 price target on the stock.

Several other equities research analysts have also recently issued reports on SGHC. Oppenheimer raised their target price on shares of Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Benchmark lifted their price objective on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Super Group Stock Up 7.9 %

Shares of NYSE SGHC opened at $6.73 on Wednesday. The firm’s 50-day moving average price is $6.27 and its 200-day moving average price is $4.62. Super Group has a 52-week low of $2.90 and a 52-week high of $7.12. The company has a market cap of $3.35 billion, a PE ratio of 112.10 and a beta of 0.95.

Super Group Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a yield of 5.7%. Super Group’s dividend payout ratio is currently 166.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SGHC. Walleye Capital LLC bought a new position in Super Group in the 3rd quarter worth $54,000. Algert Global LLC raised its stake in shares of Super Group by 54.5% in the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after buying an additional 6,711 shares during the period. Intech Investment Management LLC purchased a new position in shares of Super Group during the 3rd quarter valued at about $66,000. Burns Matteson Capital Management LLC bought a new position in shares of Super Group during the 3rd quarter valued at approximately $70,000. Finally, DGS Capital Management LLC purchased a new stake in Super Group in the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.