Acadian Asset Management LLC Has $1.30 Million Stock Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

Acadian Asset Management LLC grew its position in Superior Group of Companies, Inc. (NASDAQ:SGC) by 253.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,063 shares of the textile maker’s stock after purchasing an additional 49,506 shares during the period. Acadian Asset Management LLC owned about 0.41% of Superior Group of Companies worth $1,303,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SGC. EntryPoint Capital LLC acquired a new stake in shares of Superior Group of Companies during the first quarter worth $28,000. Vanguard Group Inc. raised its holdings in shares of Superior Group of Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock worth $9,972,000 after acquiring an additional 2,799 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Superior Group of Companies by 13.6% during the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock worth $566,000 after acquiring an additional 4,090 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Superior Group of Companies by 10,390.3% during the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock worth $124,000 after acquiring an additional 7,481 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Superior Group of Companies in the fourth quarter valued at $113,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jake Himelstein purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the insider now owns 40,825 shares of the company’s stock, valued at approximately $530,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Loreen M. Spencer purchased 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $13.20 per share, with a total value of $46,200.00. Following the acquisition, the director now owns 7,266 shares of the company’s stock, valued at approximately $95,911.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jake Himelstein bought 2,000 shares of Superior Group of Companies stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the insider now directly owns 40,825 shares in the company, valued at $530,725. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 15,500 shares of company stock worth $206,700. 27.10% of the stock is currently owned by corporate insiders.

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock opened at $15.05 on Monday. Superior Group of Companies, Inc. has a twelve month low of $7.36 and a twelve month high of $21.80. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $16.28 and a two-hundred day simple moving average of $17.25. The stock has a market capitalization of $252.39 million, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.42.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Tuesday, August 6th. The textile maker reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $131.74 million during the quarter, compared to analyst estimates of $136.60 million. Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Analysts forecast that Superior Group of Companies, Inc. will post 0.74 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Saturday, August 17th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, August 16th. Superior Group of Companies’s payout ratio is presently 76.71%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SGC shares. StockNews.com downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Barrington Research decreased their target price on shares of Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, August 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a research report on Monday, June 24th.

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.