Redmont Wealth Advisors LLC Takes $623,000 Position in Superior Group of Companies, Inc. $SGC

Redmont Wealth Advisors LLC purchased a new position in Superior Group of Companies, Inc. (NASDAQ:SGC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 58,131 shares of the textile maker’s stock, valued at approximately $623,000.

Several other institutional investors also recently bought and sold shares of SGC. Ameriprise Financial Inc. lifted its stake in shares of Superior Group of Companies by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock worth $182,000 after buying an additional 1,021 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Superior Group of Companies by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock valued at $1,816,000 after purchasing an additional 1,331 shares in the last quarter. Bank of America Corp DE raised its position in Superior Group of Companies by 20.5% in the 2nd quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock worth $152,000 after buying an additional 2,511 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Superior Group of Companies by 21.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 26,293 shares of the textile maker’s stock valued at $271,000 after acquiring an additional 4,589 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Superior Group of Companies by 7.5% during the first quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker’s stock valued at $1,008,000 after purchasing an additional 6,416 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

Superior Group of Companies Stock Performance

SGC opened at $10.21 on Thursday. The company has a current ratio of 2.94, a quick ratio of 1.83 and a debt-to-equity ratio of 0.48. The company has a market cap of $163.05 million, a price-to-earnings ratio of 28.36, a PEG ratio of 1.34 and a beta of 1.48. The company’s 50 day moving average is $10.00 and its 200 day moving average is $10.46. Superior Group of Companies, Inc. has a 12-month low of $8.30 and a 12-month high of $15.05.

Superior Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, February 13th. Superior Group of Companies’s dividend payout ratio (DPR) is currently 155.56%.

Wall Street Analysts Forecast Growth

SGC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Wall Street Zen downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Superior Group of Companies currently has an average rating of “Moderate Buy” and an average target price of $17.33.

Superior Group of Companies Profile

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.