David Alon Ben Sells 23,300 Shares of Super Group (SGHC) (NYSE:SGHC) Stock

by · The Cerbat Gem

Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report) CTO Alon Ben – David sold 23,300 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $13.79, for a total value of $321,307.00. Following the completion of the transaction, the chief technology officer owned 7,814 shares of the company’s stock, valued at $107,755.06. This represents a 74.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

David Alon Ben also recently made the following trade(s):

  • On Tuesday, June 30th, Alon Ben – David sold 8 shares of Super Group (SGHC) stock. The stock was sold at an average price of $13.74, for a total value of $109.92.

Super Group (SGHC) Stock Up 0.1%

SGHC traded up $0.01 during trading on Monday, reaching $13.85. The company had a trading volume of 1,640,878 shares, compared to its average volume of 2,963,910. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The business’s fifty day moving average price is $14.02 and its 200 day moving average price is $12.83. The company has a market cap of $7.00 billion, a P/E ratio of 19.15 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%.The company had revenue of $684.00 million for the quarter, compared to the consensus estimate of $659.90 million. Equities analysts anticipate that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio is 27.78%.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds have recently modified their holdings of SGHC. PNC Financial Services Group Inc. boosted its position in Super Group (SGHC) by 12.2% during the first quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock valued at $141,000 after purchasing an additional 1,418 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Super Group (SGHC) by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock worth $348,000 after purchasing an additional 1,865 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Super Group (SGHC) by 8.0% during the 1st quarter. Bleakley Financial Group LLC now owns 27,424 shares of the company’s stock worth $296,000 after purchasing an additional 2,024 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Super Group (SGHC) by 4.2% in the 4th quarter. Intech Investment Management LLC now owns 84,061 shares of the company’s stock valued at $1,005,000 after buying an additional 3,385 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Super Group (SGHC) by 7.5% in the fourth quarter. State of Wyoming now owns 70,329 shares of the company’s stock valued at $840,000 after buying an additional 4,877 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Benchmark boosted their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Citizens Jmp reaffirmed a “market outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research report on Monday, August 31st. BTIG Research raised their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.71.

Check Out Our Latest Analysis on SGHC

About Super Group (SGHC)

(Get Free Report)

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company’s principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.

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