BTIG Research Initiates Coverage on Super Group (NYSE:SGHC)

BTIG Research assumed coverage on shares of Super Group (NYSE:SGHC) in a research note published on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $9.00 price target on the stock.

SGHC has been the subject of several other reports. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Super Group in a report on Monday, January 27th. Canaccord Genuity Group increased their price target on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer boosted their price objective on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC increased their target price on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $10.20.

Super Group Trading Down 1.7 %

Super Group stock opened at $6.63 on Friday. The stock has a 50 day moving average of $7.49 and a 200-day moving average of $6.00. The stock has a market cap of $3.30 billion, a P/E ratio of 110.45 and a beta of 1.00. Super Group has a 52 week low of $2.90 and a 52 week high of $8.51.

Super Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group’s dividend payout ratio (DPR) is presently 266.67%.

Institutional Investors Weigh In On Super Group

Several institutional investors and hedge funds have recently bought and sold shares of SGHC. Aquatic Capital Management LLC acquired a new position in Super Group in the fourth quarter valued at approximately $30,000. Walleye Capital LLC acquired a new position in Super Group during the 3rd quarter valued at approximately $54,000. Intech Investment Management LLC bought a new position in Super Group during the 3rd quarter worth $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Super Group during the 4th quarter worth $66,000. Finally, Xponance Inc. acquired a new stake in Super Group in the fourth quarter worth $67,000. Institutional investors and hedge funds 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.