North Star Investment Management Corp. Raises Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

North Star Investment Management Corp. raised its stake in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 16.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 389,775 shares of the textile maker's stock after purchasing an additional 54,000 shares during the period. North Star Investment Management Corp. owned 2.33% of Superior Group of Companies worth $6,038,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in Superior Group of Companies in the first quarter valued at $28,000. US Bancorp DE increased its stake in shares of Superior Group of Companies by 148.4% in the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker's stock worth $45,000 after buying an additional 1,729 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker's stock worth $124,000 after buying an additional 7,481 shares during the last quarter. Algert Global LLC bought a new stake in Superior Group of Companies during the second quarter valued at $192,000. Finally, Cannon Financial Strategists Inc. acquired a new stake in Superior Group of Companies in the second quarter worth about $261,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SGC has been the subject of a number of research analyst reports. DA Davidson reissued a "buy" rating and issued a $24.00 price target on shares of Superior Group of Companies in a report on Tuesday, October 8th. Barrington Research reduced their price objective on shares of Superior Group of Companies from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, August 21st. Finally, StockNews.com lowered shares of Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 8th.

Insider Activity at Superior Group of Companies

In other news, CEO Michael Benstock purchased 10,000 shares of the business's stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of $13.45 per share, with a total value of $134,500.00. Following the completion of the purchase, the chief executive officer now owns 583,848 shares of the company's stock, valued at $7,852,755.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Michael Benstock acquired 10,000 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the transaction, the chief executive officer now directly owns 583,848 shares of the company's stock, valued at $7,852,755.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Loreen M. Spencer bought 3,500 shares of the stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $13.20 per share, with a total value of $46,200.00. Following the completion of the acquisition, the director now owns 7,266 shares of the company's stock, valued at $95,911.20. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 15,500 shares of company stock valued at $206,700 over the last ninety days. 27.10% of the stock is owned by corporate insiders.

Superior Group of Companies Trading Up 1.3 %

NASDAQ:SGC traded up $0.20 on Tuesday, hitting $15.36. 44,904 shares of the stock were exchanged, compared to its average volume of 93,559. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.82. The stock has a market capitalization of $257.65 million, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.04 and a beta of 1.42. The company's 50-day moving average price is $14.92 and its 200 day moving average price is $17.06. Superior Group of Companies, Inc. has a 52 week low of $8.15 and a 52 week high of $21.80.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The company had revenue of $131.74 million for the quarter, compared to the consensus estimate of $136.60 million. Superior Group of Companies had a return on equity of 5.63% and a net margin of 2.02%. During the same quarter in the prior year, the company earned $0.08 EPS. On average, equities research analysts forecast that Superior Group of Companies, Inc. will post 0.74 earnings per share for the current year.

About Superior Group of Companies

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.