Redmont Wealth Advisors LLC Purchases New Position in Superior Group of Companies, Inc. $SGC

Redmont Wealth Advisors LLC acquired a new position in Superior Group of Companies, Inc. (NASDAQ:SGC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 58,131 shares of the textile maker’s stock, valued at approximately $623,000. Redmont Wealth Advisors LLC owned 0.36% of Superior Group of Companies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Superior Group of Companies by 20.5% during the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock valued at $152,000 after buying an additional 2,511 shares during the period. GSA Capital Partners LLP bought a new stake in Superior Group of Companies in the third quarter valued at $176,000. Ameriprise Financial Inc. increased its position in Superior Group of Companies by 6.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock valued at $182,000 after purchasing an additional 1,021 shares during the period. Jane Street Group LLC bought a new position in Superior Group of Companies in the 2nd quarter worth $206,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Superior Group of Companies by 217.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,922 shares of the textile maker’s stock worth $224,000 after purchasing an additional 14,321 shares during the period. 33.75% of the stock is currently owned by institutional investors.

Superior Group of Companies Stock Down 0.1%

NASDAQ:SGC opened at $10.21 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.94 and a quick ratio of 1.83. The firm’s 50-day moving average price is $10.00 and its 200-day moving average price is $10.46. The company has a market capitalization of $163.05 million, a PE ratio of 28.36, a P/E/G ratio of 1.34 and a beta of 1.48. Superior Group of Companies, Inc. has a 1-year low of $8.30 and a 1-year high of $15.05.

Superior Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 16th will be issued 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 presently 155.56%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SGC shares. Wall Street Zen lowered shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Superior Group of Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

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.