First Wilshire Securities Mgt. Updates Superior Group Stake
Ticker: SGC · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 95574
| Field | Detail |
|---|---|
| Company | Superior Group Of Companies, Inc. (SGC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**First Wilshire Securities Management still holds Superior Group of Companies stock, signaling continued confidence.**
AI Summary
First Wilshire Securities Management, Inc. filed an amended Schedule 13G/A on February 12, 2024, indicating their ownership of Common Stock in Superior Group of Companies, Inc. as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, though passive, stake in the apparel and uniform manufacturer. This matters to investors because it shows a professional investment firm maintains a position, suggesting they still see value in the company, which could be a positive signal for the stock.
Why It Matters
This filing confirms a professional investment firm's continued interest in Superior Group of Companies, Inc., which can be interpreted as a vote of confidence in the company's future prospects.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note that a professional firm continues to hold a stake, but this filing alone doesn't indicate a change in strategy or a new buying opportunity. It's a routine update confirming existing ownership.
Key Players & Entities
- First Wilshire Securities Management, Inc. (company) — the reporting person and institutional investor
- SUPERIOR GROUP OF COMPANIES, INC. (company) — the subject company, an apparel and uniform manufacturer
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A
- 868358102 (number) — the CUSIP number for Superior Group of Companies, Inc. Common Stock
Forward-Looking Statements
- First Wilshire Securities Management, Inc. will maintain a passive investment in Superior Group of Companies, Inc. (First Wilshire Securities Management, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is First Wilshire Securities Management, Inc., with a Tax ID of 95-2844956.
What is the subject company of this filing?
The subject company is SUPERIOR GROUP OF COMPANIES, INC., identified by CIK 0000095574.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Common Stock of SUPERIOR GROUP OF COMPANIES, INC. is 868358102.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding SUPERIOR GROUP OF COMPANIES, INC. (SGC).