Hillsdale Investment Management Inc. Invests $113,000 in Superior Group of Companies, Inc. (NASDAQ:SGC)

Hillsdale Investment Management Inc. bought a new position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,348 shares of the textile maker’s stock, valued at approximately $113,000. Hillsdale Investment Management Inc. owned about 0.05% of Superior Group of Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of SGC. Barclays PLC purchased a new stake in shares of Superior Group of Companies during the third quarter worth about $32,000. Acadian Asset Management LLC increased its position in shares of Superior Group of Companies by 78.1% during the third quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker’s stock worth $125,000 after acquiring an additional 7,111 shares during the last quarter. Quadrature Capital Ltd grew its stake in Superior Group of Companies by 67.6% in the third quarter. Quadrature Capital Ltd now owns 18,364 shares of the textile maker’s stock worth $141,000 after purchasing an additional 7,408 shares in the last quarter. EMC Capital Management grew its stake in Superior Group of Companies by 1,040.2% in the third quarter. EMC Capital Management now owns 22,803 shares of the textile maker’s stock worth $177,000 after purchasing an additional 20,803 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Superior Group of Companies in the fourth quarter worth about $462,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now directly owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Philip Koosed sold 9,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.64, for a total value of $140,760.00. Following the completion of the transaction, the insider now directly owns 82,436 shares of the company’s stock, valued at approximately $1,289,299.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now directly owns 92,955 shares of the company’s stock, valued at $1,455,675.30. The disclosure for this sale can be found here. Corporate insiders own 26.50% of the company’s stock.

Wall Street Analyst Weigh In

SGC has been the subject of a number of research reports. Singular Research reiterated a “buy” rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 20th. Finally, Barrington Research lifted their price target on Superior Group of Companies from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th.

Superior Group of Companies Stock Up 0.1 %

NASDAQ:SGC opened at $19.72 on Wednesday. The firm has a market capitalization of $330.31 million, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.62 and a beta of 1.40. The stock has a 50 day moving average of $17.15 and a 200-day moving average of $14.58. Superior Group of Companies, Inc. has a 52 week low of $7.36 and a 52 week high of $21.04. The company has a current ratio of 3.03, a quick ratio of 1.98 and a debt-to-equity ratio of 0.42.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, March 13th. The textile maker reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $147.24 million during the quarter, compared to analyst estimates of $142.59 million. Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%. Analysts predict that Superior Group of Companies, Inc. will post 0.75 EPS for the current year.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, May 17th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 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.