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Headlines
- Super Group Limited operates in the iGaming sector, offering online sports betting and gaming services globally.
- The company reported its highest-ever total revenue for a fourth quarter in 2024, amounting to approximately €500 million.
- Institutional investors have recently adjusted their positions in Super Group, reflecting changing market sentiments.
Super Group Limited (NYSE:SGHC) is a prominent entity in the iGaming industry, offering online sports betting and gaming services across various global markets. The company operates renowned brands such as Betway and Spin, delivering a diverse range of gaming experiences to its customers.
Record-Breaking Financial Performance
In the fourth quarter of 2024, Super Group achieved its highest-ever total revenue for a fourth quarter, reaching approximately €500 million. This contributed to an annual revenue of around €1.7 billion for 2024. The profit before tax for the year was €188.8 million, with €96.8 million recorded in the fourth quarter. Additionally, the company's non-GAAP Adjusted EBITDA, excluding the U.S. market, was €391.1 million for the year, surpassing prior guidance.
Institutional Investment Activity
Recent months have seen several institutional investors modifying their positions in Super Group. Mackenzie Financial Corp acquired a new position in the company during the fourth quarter, valued at approximately $352,000. Similarly, the Public Employees Retirement System of Ohio purchased a new stake worth around $327,000 in the same period. Principal Street Partners LLC increased its holdings by 22.7%, now owning 21,576 shares valued at $134,000 after acquiring an additional 3,993 shares. The State of Wyoming also raised its holdings by 62.2%, bringing its total to 71,255 shares valued at $444,000 after purchasing an additional 27,335 shares. ProShare Advisors LLC expanded its position by 49.0%, now holding 42,200 shares worth $263,000 after acquiring an additional 13,885 shares. Collectively, institutional investors and hedge funds own approximately 5.09% of the company's stock.
Short Interest Trends
As of March 15th, 2025, Super Group experienced a significant increase in short interest, totaling 2.1 million shares. This marks a 22.8% rise from the previous total of 1.71 million shares on February 28th. With an average trading volume of 788,500 shares, the short-interest ratio stands at 2.7 days. Approximately 1.4% of the company's shares are sold short.
Dividend Announcement
Super Group recently declared a semi-annual dividend, which was paid on March 28th. Shareholders of record as of March 10th received a dividend of $0.04 per share, representing a yield of 3.6%. The ex-dividend date was March 10th, and the company's payout ratio is 266.67%.
Trading Activity and Market Position
On a recent trading day, Super Group's stock price increased by 2.1%, closing at $6.58. The trading volume was 714,862 shares, compared to an average volume of 577,602 shares. The company's 52-week range spans from a low of $2.90 to a high of $8.51. Super Group's market capitalization is approximately $3.27 billion, with a price-to-earnings ratio of 109.60 and a beta of 1.00.
The iGaming sector continues to evolve, and Super Group's recent financial performance and market activities highlight its role within this industry.
