Hillsdale Investment Management Inc. Acquires 109,596 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Hillsdale Investment Management Inc. grew its position in Superior Group of Companies, Inc. (NASDAQ:SGC) by 1,312.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,944 shares of the textile maker’s stock after acquiring an additional 109,596 shares during the quarter. Hillsdale Investment Management Inc. owned 0.71% of Superior Group of Companies worth $1,948,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SGC. Vanguard Group Inc. raised its holdings in shares of Superior Group of Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock worth $9,972,000 after buying an additional 2,799 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Superior Group of Companies by 13.6% in the 1st quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after buying an additional 4,090 shares during the period. Acadian Asset Management LLC increased its stake in shares of Superior Group of Companies by 68.5% in the 1st quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock valued at $321,000 after buying an additional 7,953 shares during the period. Redmont Wealth Advisors LLC increased its stake in shares of Superior Group of Companies by 16.8% in the 4th quarter. Redmont Wealth Advisors LLC now owns 77,760 shares of the textile maker’s stock valued at $1,050,000 after buying an additional 11,168 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Superior Group of Companies in the 4th quarter worth $462,000. Institutional investors own 33.75% of the company’s stock.

Analysts Set New Price Targets

SGC has been the topic of several recent research reports. Barrington Research restated an “outperform” rating and issued a $22.00 price target on shares of Superior Group of Companies in a research report on Tuesday, May 28th. DA Davidson reissued a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a research report on Monday, June 24th.

Superior Group of Companies Stock Up 2.5 %

SGC stock traded up $0.49 during mid-day trading on Monday, reaching $20.27. 68,173 shares of the company traded hands, compared to its average volume of 94,849. The stock has a market cap of $339.52 million, a price-to-earnings ratio of 27.77, a P/E/G ratio of 2.63 and a beta of 1.46. The company has a quick ratio of 1.98, a current ratio of 3.03 and a debt-to-equity ratio of 0.42. Superior Group of Companies, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $21.80. The firm’s 50 day moving average price is $19.68 and its 200 day moving average price is $16.85.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Tuesday, May 7th. The textile maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.17. The firm had revenue of $138.84 million for the quarter, compared to the consensus estimate of $135.08 million. Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%. As a group, equities research analysts predict that Superior Group of Companies, Inc. will post 0.75 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.76%. Superior Group of Companies’s dividend payout ratio (DPR) is currently 76.71%.

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.