Phraction Management LLC Lowers Position in Super Group Limited (NYSE:SGHC)

Phraction Management LLC trimmed its holdings in shares of Super Group Limited (NYSE:SGHC) by 81.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,031 shares of the company’s stock after selling 128,355 shares during the period. Phraction Management LLC’s holdings in Super Group were worth $187,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Helikon Investments Ltd purchased a new position in shares of Super Group during the 3rd quarter valued at $6,431,000. State Street Corp grew its holdings in Super Group by 8.5% during the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after purchasing an additional 194,460 shares during the last quarter. Barclays PLC grew its holdings in Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock valued at $978,000 after purchasing an additional 157,693 shares during the last quarter. GSA Capital Partners LLP grew its stake in Super Group by 133.3% in the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock worth $863,000 after acquiring an additional 135,865 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Super Group by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock worth $824,000 after acquiring an additional 116,740 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Super Group Stock Performance

SGHC stock opened at $8.26 on Thursday. The firm has a market cap of $4.11 billion, a PE ratio of 137.69 and a beta of 0.99. The firm’s fifty day moving average is $6.82 and its 200 day moving average is $5.10. Super Group Limited has a one year low of $2.90 and a one year high of $8.46.

Super Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a dividend of $0.15 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 5.7%. Super Group’s dividend payout ratio is presently 166.69%.

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.