Insider Buying: Superior Industries International, Inc. (NYSE:SUP) Major Shareholder Purchases $39,231.20 in Stock

Posted by Defense World Staff on Aug 21st, 2023

Superior Industries International, Inc. (NYSE:SUP – Get Free Report) major shareholder Mill Road Capital Iii, L.P. purchased 11,020 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $3.56 per share, for a total transaction of $39,231.20. Following the purchase, the insider now directly owns 4,330,940 shares in the company, valued at $15,418,146.40. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Mill Road Capital Iii, L.P. also recently made the following trade(s):

On Wednesday, August 16th, Mill Road Capital Iii, L.P. purchased 15,433 shares of Superior Industries International stock. The stock was bought at an average price of $3.60 per share, for a total transaction of $55,558.80.
On Monday, August 14th, Mill Road Capital Iii, L.P. bought 3,869 shares of Superior Industries International stock. The shares were acquired at an average price of $3.65 per share, for a total transaction of $14,121.85.
On Friday, August 11th, Mill Road Capital Iii, L.P. purchased 1,942 shares of Superior Industries International stock. The shares were purchased at an average cost of $3.66 per share, for a total transaction of $7,107.72.
On Monday, August 7th, Mill Road Capital Iii, L.P. purchased 9,352 shares of Superior Industries International stock. The shares were purchased at an average cost of $3.64 per share, for a total transaction of $34,041.28.
On Thursday, August 3rd, Mill Road Capital Iii, L.P. purchased 67,695 shares of Superior Industries International stock. The shares were purchased at an average cost of $3.68 per share, for a total transaction of $249,117.60.

Superior Industries International Stock Up 0.3 %

NYSE:SUP opened at $3.54 on Monday. The company has a debt-to-equity ratio of 25.43, a current ratio of 2.27 and a quick ratio of 1.48. The business’s 50-day simple moving average is $3.66 and its two-hundred day simple moving average is $4.46. Superior Industries International, Inc. has a 52 week low of $2.88 and a 52 week high of $7.38.

Analyst Ratings Changes

Separately, StockNews.com cut Superior Industries International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th.

View Our Latest Report on Superior Industries International

Institutional Investors Weigh In On Superior Industries International

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in Superior Industries International by 868.0% during the first quarter. Tower Research Capital LLC TRC now owns 10,222 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 9,166 shares during the period. Marshall Wace LLP purchased a new position in shares of Superior Industries International during the third quarter valued at about $32,000. Atria Wealth Solutions Inc. purchased a new position in shares of Superior Industries International during the first quarter valued at about $52,000. SG Americas Securities LLC purchased a new position in shares of Superior Industries International during the fourth quarter valued at about $52,000. Finally, Moneta Group Investment Advisors LLC purchased a new position in Superior Industries International in the first quarter worth about $69,000. 45.00% of the stock is owned by institutional investors.

Superior Industries International Company Profile

(Get Free Report)

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.