SeaCrest Wealth Management LLC Invests $35,000 in Superior Industries International Inc (NYSE:SUP)

SeaCrest Wealth Management LLC acquired a new position in shares of Superior Industries International Inc (NYSE:SUP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,000 shares of the auto parts company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of Superior Industries International by 20.3% in the first quarter. Bank of Montreal Can now owns 11,858 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 2,004 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Superior Industries International by 135.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 3,040 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Superior Industries International in the fourth quarter valued at approximately $32,000. Teton Advisors Inc. increased its holdings in shares of Superior Industries International by 1.7% in the first quarter. Teton Advisors Inc. now owns 449,067 shares of the auto parts company’s stock valued at $2,138,000 after purchasing an additional 7,300 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Superior Industries International by 20.4% in the fourth quarter. California Public Employees Retirement System now owns 43,268 shares of the auto parts company’s stock valued at $208,000 after purchasing an additional 7,318 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Shares of NYSE SUP traded up $0.02 during midday trading on Friday, reaching $2.54. 229,818 shares of the stock were exchanged, compared to its average volume of 317,167. The business’s 50-day moving average is $3.14. The stock has a market capitalization of $63.29 million, a P/E ratio of -50.80 and a beta of 1.96. Superior Industries International Inc has a 12 month low of $2.42 and a 12 month high of $22.95. The company has a quick ratio of 1.15, a current ratio of 2.04 and a debt-to-equity ratio of 1.75.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Thursday, May 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $357.70 million during the quarter, compared to the consensus estimate of $363.53 million. Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities research analysts anticipate that Superior Industries International Inc will post -0.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.36 annualized dividend and a yield of 14.17%. Superior Industries International’s dividend payout ratio is currently -720.00%.

In related news, Director Richard J. Giromini acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average cost of $4.37 per share, with a total value of $87,400.00. Following the transaction, the director now owns 42,500 shares of the company’s stock, valued at approximately $185,725. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

A number of analysts have commented on SUP shares. Barrington Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Superior Industries International in a report on Wednesday, May 29th. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating and set a $3.00 target price for the company in a report on Monday, July 15th. ValuEngine raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Thursday. Finally, TheStreet lowered shares of Superior Industries International from a “c-” rating to a “d+” rating in a report on Tuesday, May 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Superior Industries International has an average rating of “Hold” and an average price target of $11.20.

Superior Industries International Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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Institutional Ownership by Quarter for Superior Industries International (NYSE:SUP)

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