Exchange Traded Concepts LLC Cuts Position in Super Group Limited (NYSE:SGHC)

Exchange Traded Concepts LLC lowered its position in Super Group Limited (NYSE:SGHC) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 493,930 shares of the company’s stock after selling 25,018 shares during the period. Exchange Traded Concepts LLC’s holdings in Super Group were worth $3,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in shares of Super Group during the 3rd quarter worth about $54,000. Algert Global LLC increased its stake in Super Group by 54.5% in the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after purchasing an additional 6,711 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Super Group during the third quarter worth approximately $66,000. Burns Matteson Capital Management LLC purchased a new stake in shares of Super Group during the 3rd quarter worth approximately $70,000. Finally, AQR Capital Management LLC acquired a new position in shares of Super Group in the 2nd quarter valued at $77,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SGHC. Oppenheimer boosted their price target on shares of Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of Super Group in a report on Wednesday. Benchmark upped their target price on Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group raised Super Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $5.00 to $10.00 in a research report on Friday.

Super Group Stock Performance

Shares of NYSE:SGHC opened at $7.92 on Friday. Super Group Limited has a one year low of $2.90 and a one year high of $7.97. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 132.06 and a beta of 0.95. The company has a 50-day simple moving average of $6.35 and a 200-day simple moving average of $4.68.

Super Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.15 per share. This represents a yield of 5.7%. The ex-dividend date was Monday, December 23rd. 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.