Bank of America Corp DE lifted its holdings in Superior Group of Companies, Inc. (<a>NASDAQ:SGC</a> – <a>Free Report</a>) by 17.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,888 shares of the textile maker’s stock after acquiring an additional 1,960 shares during the quarter. Bank of America Corp DE owned 0.08% of Superior Group of Companies worth $213,000 at the end of the most recent quarter. \n\nA number of other hedge funds have also recently made changes to their positions in SGC. Empowered Funds LLC boosted its stake in shares of Superior Group of Companies by 5.1% during the 4th quarter. Empowered Funds LLC now owns 85,765 shares of the textile maker’s stock valued at $1,418,000 after purchasing an additional 4,128 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Superior Group of Companies by 51.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock valued at $2,612,000 after acquiring an additional 53,492 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Superior Group of Companies by 53.4% during the 4th quarter. Rhumbline Advisers now owns 29,940 shares of the textile maker’s stock worth $495,000 after acquiring an additional 10,427 shares during the period. Bank of New York Mellon Corp raised its position in shares of Superior Group of Companies by 45.9% in the 4th quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker’s stock worth $2,951,000 after acquiring an additional 56,199 shares in the last quarter. Finally, Connor Clark &amp; Lunn Investment Management Ltd. purchased a new position in shares of Superior Group of Companies in the 4th quarter valued at approximately $249,000. 33.75% of the stock is currently owned by institutional investors. \n\nSuperior Group of Companies (<a>NASDAQ:SGC</a> – <a>Get Free Report</a>) last released its earnings results on Thursday, May 8th. The textile maker reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). The business had revenue of $137.10 million for the quarter, compared to the consensus estimate of $139.85 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. As a group, research analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current year. \n\nThe business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.72%. The ex-dividend date was Monday, May 19th. Superior Group of Companies’s payout ratio is currently 124.44%. \n\nA number of equities research analysts have weighed in on the stock. DA Davidson cut their price objective on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. <a>Wall Street Zen</a> downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 19th. Noble Financial assumed coverage on Superior Group of Companies in a research report on Thursday, May 29th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Barrington Research dropped their target price on Superior Group of Companies from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, May 13th. \n\nSuperior 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.

Bank of America Corp DE Acquires 1,960 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Bank of America Corp DE increased its stake in Superior Group of Companies (SGC) by 17.9% in Q4, owning 12,888 shares valued at $213,000. Other hedge funds also adjusted their positions in SGC, with Empowered Funds LLC, Allspring Global Investments, and Rhumbline Advisers boosting their holdings. SGC reported Q1 earnings of ($0.05) EPS, revenue of $137.10M, and a 5.72% dividend yield. Analysts provided mixed ratings, with some downgrading the stock.