Superior Group of Companies, Inc. (NASDAQ:SGC) Director Acquires $46,200.00 in Stock

Superior Group of Companies, Inc. (NASDAQ:SGC) Director Loreen M. Spencer purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $13.20 per share, for a total transaction of $46,200.00. Following the transaction, the director now owns 7,266 shares of the company’s stock, valued at $95,911.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock traded up $0.73 during trading on Thursday, reaching $13.61. The company’s stock had a trading volume of 99,818 shares, compared to its average volume of 99,171. The stock has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $17.21. The company has a current ratio of 2.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. Superior Group of Companies, Inc. has a one year low of $7.36 and a one year high of $21.80. The stock has a market capitalization of $228.24 million, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. The business had revenue of $131.74 million during the quarter, compared to the consensus estimate of $136.60 million. During the same period in the prior year, the firm earned $0.08 earnings per share. As a group, sell-side analysts anticipate that Superior Group of Companies, Inc. will post 0.75 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Saturday, August 17th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.56 annualized dividend and a yield of 4.11%. Superior Group of Companies’s dividend payout ratio is currently 76.71%.

Institutional Trading of Superior Group of Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Superior Group of Companies during the 1st quarter worth about $28,000. Hillsdale Investment Management Inc. acquired a new position in shares of Superior Group of Companies during the 4th quarter worth about $113,000. Lazard Asset Management LLC grew its position in shares of Superior Group of Companies by 10,390.3% during the 1st quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock worth $124,000 after buying an additional 7,481 shares during the period. Sei Investments Co. acquired a new position in shares of Superior Group of Companies during the 2nd quarter worth about $266,000. Finally, Acadian Asset Management LLC grew its position in shares of Superior Group of Companies by 68.5% in the 1st quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 7,953 shares during the period. 33.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SGC. Barrington Research reissued an “outperform” rating and issued a $22.00 price target on shares of Superior Group of Companies in a research report on Tuesday, May 28th. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a research note on Monday, June 24th. Finally, StockNews.com downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.