Sentiment Towards Superior Uniform Group Inc (SGC) Improving But Still Lacking

As aggregate interest increased, some big names have jumped into Superior Uniform Group Inc (NASDAQ:SGC) headfirst. Algert Coldiron Investors created the most valuable position in Superior Uniform Group Inc (NASDAQ:SGC). Algert Coldiron Investors had $0.6 million invested in the company at the end of the quarter. Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital also made a small investment in the stock during the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Superior Uniform Group Inc (NASDAQ:SGC) but similarly valued. These stocks are Electrum Special Acquisition Corp (NASDAQ:ELECU), Sigma Designs Inc (NASDAQ:SIGM), RadNet Inc. (NASDAQ:RDNT), and Kandi Technolgies Corp. (NASDAQ:KNDI). This group of stocks’ market caps resemble Superior Uniform Group Inc’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $47 million. That figure was $16 million in Superior Uniform Group Inc’s case. Sigma Designs Inc (NASDAQ:SIGM) is the most popular stock in this table. On the other hand Kandi Technolgies Corp. (NASDAQ:KNDI) is the least popular one with only 4 bullish hedge fund positions. Superior Uniform Group Inc (NASDAQ:SGC) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Sigma Designs Inc might be a better candidate to consider for a long position.