Allspring Global Investments Holdings LLC Boosts Stock Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

Allspring Global Investments Holdings LLC increased its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 51.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,000 shares of the textile maker’s stock after purchasing an additional 53,492 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.97% of Superior Group of Companies worth $2,612,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its holdings in Superior Group of Companies by 16.1% during the third quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock worth $6,038,000 after purchasing an additional 54,000 shares in the last quarter. Geode Capital Management LLC grew its position in Superior Group of Companies by 3.3% during the third quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker’s stock worth $4,405,000 after buying an additional 9,053 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Superior Group of Companies by 87.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after buying an additional 89,096 shares during the period. State Street Corp grew its position in Superior Group of Companies by 10.3% during the third quarter. State Street Corp now owns 184,655 shares of the textile maker’s stock worth $2,860,000 after buying an additional 17,188 shares during the period. Finally, Empowered Funds LLC grew its position in Superior Group of Companies by 5.1% during the fourth quarter. Empowered Funds LLC now owns 85,765 shares of the textile maker’s stock worth $1,418,000 after buying an additional 4,128 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SGC has been the topic of several recent analyst reports. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Barrington Research upped their target price on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

Superior Group of Companies Stock Down 1.6 %

SGC stock opened at $14.45 on Friday. The company’s 50 day simple moving average is $15.59 and its 200-day simple moving average is $15.35. The firm has a market capitalization of $236.11 million, a PE ratio of 17.41, a P/E/G ratio of 1.52 and a beta of 1.44. Superior Group of Companies, Inc. has a 12 month low of $11.66 and a 12 month high of $21.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87.

Superior Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.56 annualized dividend and a dividend yield of 3.88%. Superior Group of Companies’s dividend payout ratio is presently 67.47%.

About Superior Group of Companies

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.