Acadian Asset Management LLC Grows Stock Position in Superior Group of Companies, Inc. $SGC

Acadian Asset Management LLC boosted its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 8.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 238,054 shares of the textile maker’s stock after buying an additional 18,833 shares during the quarter. Acadian Asset Management LLC owned approximately 1.49% of Superior Group of Companies worth $2,602,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SGC. Hsbc Holdings PLC acquired a new position in Superior Group of Companies during the first quarter worth approximately $247,000. Nuveen LLC acquired a new stake in shares of Superior Group of Companies during the 1st quarter worth $269,000. Two Sigma Advisers LP raised its position in shares of Superior Group of Companies by 16.7% in the 4th 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 during the period. BNP Paribas Financial Markets boosted its holdings in Superior Group of Companies by 344.4% in the fourth quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker’s stock valued at $204,000 after acquiring an additional 9,563 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Stock Performance

Shares of SGC opened at $11.19 on Tuesday. The firm has a market cap of $178.70 million, a price-to-earnings ratio of 21.94, a PEG ratio of 2.49 and a beta of 1.41. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $11.61 and its two-hundred day moving average is $10.96. Superior Group of Companies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.48.

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

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, August 18th. Superior Group of Companies’s dividend payout ratio (DPR) is 109.80%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $11.46, for a total transaction of $137,520.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 26.70% of the stock is currently owned by corporate insiders.

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.