SGHC

Divestment Details: Divisadero Street Capital Management, LP sold 5,036,343 shares of Remitly Global, reducing its position by approximately $94.68 million, which now accounts for only 0.04% of the fund's $2.29 billion AUM.

Impact on Remitly Global: The significant sell-off removes a major institutional holder, prompting investors to reassess Remitly's current market position and future profitability in the competitive digital remittance landscape.

Company Overview: Remitly Global specializes in digital cross-border remittance services, primarily targeting immigrant families, and aims to provide secure and efficient money transfer solutions across approximately 150 countries.

Market Challenges: The company faces increased competition from digital-first rivals and traditional banks, alongside high customer acquisition costs and tightening regulatory requirements, necessitating a focus on profitability and customer retention.

Analyst Recommendation: Benchmark has maintained a Buy recommendation for Super Group (NYSE:SGHC) as of November 28, 2025, with an average one-year price target of $18.36/share, indicating a potential upside of 67.98% from its current price of $10.93/share.

Institutional Ownership: There has been a notable increase in institutional interest in Super Group, with 247 funds reporting positions, a rise of 18.18% in the last quarter, and total shares owned by institutions increasing by 46.32% to 81,394K shares.

Fund Sentiment: The put/call ratio for SGHC is 0.03, suggesting a bullish outlook among investors, while several firms have significantly increased their portfolio allocations in SGHC over the last quarter.

Revenue Projections: Super Group's projected annual revenue is estimated at $1,462 million, reflecting a decrease of 37.60%, with a projected non-GAAP EPS of 0.30.