Superior Group of Companies, Inc. $SGC Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 78.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,409 shares of the textile maker’s stock after selling 41,257 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Superior Group of Companies worth $118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of Superior Group of Companies during the 1st quarter worth approximately $247,000. Nuveen LLC acquired a new stake in shares of Superior Group of Companies during the 1st quarter worth approximately $269,000. Acadian Asset Management LLC grew its stake in shares of Superior Group of Companies by 8.6% during the 1st quarter. Acadian Asset Management LLC now owns 238,054 shares of the textile maker’s stock worth $2,602,000 after purchasing an additional 18,833 shares during the period. Strs Ohio acquired a new stake in shares of Superior Group of Companies during the 1st quarter worth approximately $319,000. Finally, American Century Companies Inc. grew its stake in shares of Superior Group of Companies by 2.9% during the 1st quarter. American Century Companies Inc. now owns 374,078 shares of the textile maker’s stock worth $4,092,000 after purchasing an additional 10,662 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

Insiders Place Their Bets

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $11.46, for a total value of $137,520.00. Following the transaction, the director owned 202,126 shares in the company, valued at approximately $2,316,363.96. This trade represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 26.70% of the company’s stock.

Analyst Ratings Changes

SGC has been the topic of a number of analyst reports. Barrington Research raised their price objective on shares of Superior Group of Companies from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Wall Street Zen lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.33.

Superior Group of Companies Trading Down 1.1%

Shares of SGC stock opened at $10.23 on Monday. The stock’s fifty day moving average is $11.39 and its two-hundred day moving average is $10.78. 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 firm has a market capitalization of $163.37 million, a P/E ratio of 20.06, a PEG ratio of 2.50 and a beta of 1.40. Superior Group of Companies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.48.

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

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.14 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 5.5%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 109.80%.

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.