North Star Investment Management Corp. Grows Stock Position in Superior Group of Companies, Inc. $SGC

North Star Investment Management Corp. grew its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 494,975 shares of the textile maker’s stock after buying an additional 74,000 shares during the period. North Star Investment Management Corp. owned 3.10% of Superior Group of Companies worth $4,791,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SGC. Vanguard Group Inc. boosted its position in Superior Group of Companies by 2.0% during the third quarter. Vanguard Group Inc. now owns 690,185 shares of the textile maker’s stock worth $7,399,000 after purchasing an additional 13,250 shares during the period. Advisory Services Network LLC bought a new position in Superior Group of Companies in the 3rd quarter worth approximately $2,596,000. Bridgeway Capital Management LLC boosted its holdings in Superior Group of Companies by 2.3% in the 3rd quarter. Bridgeway Capital Management LLC now owns 180,335 shares of the textile maker’s stock worth $1,933,000 after buying an additional 4,032 shares during the period. Empowered Funds LLC grew its stake in Superior Group of Companies by 7.5% in the 1st quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker’s stock valued at $1,008,000 after buying an additional 6,416 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in Superior Group of Companies during the 3rd quarter valued at $623,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Price Performance

SGC traded up $0.07 during midday trading on Thursday, hitting $11.39. The stock had a trading volume of 4,668 shares, compared to its average volume of 40,183. Superior Group of Companies, Inc. has a 1 year low of $8.30 and a 1 year high of $13.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.76 and a current ratio of 2.66. The business has a fifty day moving average of $10.49 and a 200 day moving average of $10.05. The company has a market cap of $178.90 million, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.40.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Tuesday, March 3rd. The textile maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. Superior Group of Companies had a net margin of 1.24% and a return on equity of 3.62%. The firm had revenue of $146.58 million for the quarter, compared to the consensus estimate of $145.23 million. As a group, equities analysts forecast that Superior Group of Companies, Inc. will post 0.58 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 16th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, February 13th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 121.74%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

About Superior Group of Companies

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.