34,207 Shares in Superior Group of Companies, Inc. (NASDAQ:SGC) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 34,207 shares of the textile maker’s stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. North Star Investment Management Corp. increased its stake in Superior Group of Companies by 36.2% during the 4th quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker’s stock valued at $5,275,000 after purchasing an additional 103,920 shares in the last quarter. Quadrature Capital Ltd increased its stake in Superior Group of Companies by 67.6% during the 3rd quarter. Quadrature Capital Ltd now owns 18,364 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 7,408 shares in the last quarter. Acadian Asset Management LLC increased its stake in Superior Group of Companies by 78.1% during the 3rd quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker’s stock valued at $125,000 after purchasing an additional 7,111 shares in the last quarter. EMC Capital Management boosted its holdings in shares of Superior Group of Companies by 1,040.2% during the 3rd quarter. EMC Capital Management now owns 22,803 shares of the textile maker’s stock valued at $177,000 after acquiring an additional 20,803 shares during the last quarter. Finally, Barclays PLC purchased a new stake in shares of Superior Group of Companies during the 3rd quarter valued at about $32,000. 33.75% of the stock is currently owned by institutional investors.

Superior Group of Companies Stock Performance

SGC opened at $16.73 on Friday. The company has a current ratio of 2.78, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The company has a market cap of $279.56 million, a price-to-earnings ratio of 30.42, a PEG ratio of 2.63 and a beta of 1.40. The company’s 50 day moving average is $15.62 and its 200 day moving average is $13.16. Superior Group of Companies, Inc. has a 12-month low of $7.23 and a 12-month high of $17.70.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $147.24 million for the quarter, compared to the consensus estimate of $142.59 million. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. On average, equities research analysts predict that Superior Group of Companies, Inc. will post 0.64 EPS for the current year.

Superior Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, February 22nd. Superior Group of Companies’s payout ratio is 101.82%.

Insider Buying and Selling

In related news, insider Philip Koosed sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.64, for a total value of $140,760.00. Following the transaction, the insider now owns 82,436 shares of the company’s stock, valued at $1,289,299.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Superior Group of Companies news, Director Paul V. Mellini sold 6,000 shares of Superior Group of Companies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.66, for a total transaction of $93,960.00. Following the transaction, the director now owns 92,955 shares of the company’s stock, valued at $1,455,675.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip Koosed sold 9,000 shares of Superior Group of Companies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.64, for a total transaction of $140,760.00. Following the transaction, the insider now directly owns 82,436 shares in the company, valued at approximately $1,289,299.04. The disclosure for this sale can be found here. 27.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SGC. Singular Research reaffirmed a “buy” rating on shares of Superior Group of Companies in a report on Tuesday, March 19th. StockNews.com raised shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 20th. Finally, Barrington Research raised their price target on shares of Superior Group of Companies from $13.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, March 15th.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.