medium
Buy
2,000 shares
$26,000
Significance
4/10
President of BAMKO LLC bought 2,000 SGC shares at $13.00; stock -38.6% from 52-week high
Jake Himelstein, President of BAMKO, LLC, purchased 2,000 shares of Superior Group of Companies at $13.00 on 2024-08-14, increasing his holdings to 34,424 shares. The purchase occurred in a context of material price weakness: the stock is -38.6% from its 52-week high of $21.69 and has declined -34.3% over the preceding 30 days and -31.8% over 90 days. The company's revenue growth has contracted -6.1% year-over-year, though the current market cap of $223.4M and P/E of 19.88 suggest a modest valuation. This transaction represents a discretionary buy by a meaningful shareholder, occurring during an extended period of downward pressure on the stock.