Hsbc Holdings PLC Takes $247,000 Position in Superior Group of Companies, Inc. $SGC

Hsbc Holdings PLC acquired a new stake in Superior Group of Companies, Inc. (NASDAQ:SGC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,233 shares of the textile maker’s stock, valued at approximately $247,000. Hsbc Holdings PLC owned approximately 0.13% of Superior Group of Companies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Superior Group of Companies by 5.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,489 shares of the textile maker’s stock valued at $290,000 after acquiring an additional 881 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Superior Group of Companies by 0.3% in the first quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker’s stock valued at $4,275,000 after acquiring an additional 1,000 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Superior Group of Companies by 17.9% in the fourth quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker’s stock valued at $213,000 after acquiring an additional 1,960 shares in the last quarter. Barclays PLC boosted its holdings in Superior Group of Companies by 11.4% during the fourth quarter. Barclays PLC now owns 24,718 shares of the textile maker’s stock worth $409,000 after buying an additional 2,537 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Superior Group of Companies by 16.7% during the fourth quarter. Two Sigma Advisers LP now owns 18,900 shares of the textile maker’s stock worth $312,000 after buying an additional 2,700 shares in the last quarter. 33.75% of the stock is currently owned by institutional investors.

Insider Activity at Superior Group of Companies

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the sale, the director owned 202,126 shares in the company, valued at $2,316,363.96. This represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 26.70% of the company’s stock.

Superior Group of Companies Stock Down 1.5%

Shares of NASDAQ:SGC opened at $12.52 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.70 and a current ratio of 2.71. The company has a market cap of $199.94 million, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.69 and a beta of 1.41. Superior Group of Companies, Inc. has a 52 week low of $9.11 and a 52 week high of $18.48. The firm has a 50 day simple moving average of $11.44 and a 200 day simple moving average of $11.14.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $144.05 million during the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. Superior Group of Companies has set its FY 2025 guidance at EPS. As a group, research analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, August 18th. Superior Group of Companies’s dividend payout ratio is 109.80%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SGC. Wall Street Zen upgraded shares of Superior Group of Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Noble Financial began coverage on shares of Superior Group of Companies in a report on Thursday, May 29th. They set an “outperform” rating and a $16.00 target price for the company. Finally, Barrington Research raised their target price on shares of Superior Group of Companies from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $17.33.

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.