Super Group (NYSE:SGHC) Hits New 12-Month High – Still a Buy?

Super Group Limited (NYSE:SGHC) reached a new 52-week high during trading on Friday . The stock traded as high as $8.51 and last traded at $8.45, with a volume of 111277 shares traded. The stock had previously closed at $8.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SGHC shares. Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Canaccord Genuity Group upgraded shares of Super Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $5.00 to $10.00 in a research note on Friday, January 24th. Oppenheimer upped their target price on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Super Group in a research report on Wednesday, January 22nd.

Super Group Stock Up 0.2 %

The company has a market capitalization of $4.14 billion, a PE ratio of 138.61 and a beta of 0.99. The company’s 50 day moving average is $6.88 and its two-hundred day moving average is $5.17.

Super Group Dividend Announcement

The company also recently announced a — dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were issued a $0.15 dividend. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group’s dividend payout ratio (DPR) is 166.69%.

Hedge Funds Weigh In On Super Group

Several institutional investors have recently added to or reduced their stakes in SGHC. Aquatic Capital Management LLC purchased a new position in shares of Super Group in the fourth quarter valued at $30,000. Walleye Capital LLC purchased a new position in Super Group in the third quarter worth about $54,000. Intech Investment Management LLC bought a new stake in Super Group during the third quarter worth approximately $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Super Group in the 4th quarter valued at approximately $66,000. Finally, Xponance Inc. purchased a new position in shares of Super Group in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.