Superior Group of Companies, Inc. (NASDAQ:SGC) Director Sells $204,000.00 in Stock

Superior Group of Companies, Inc. (NASDAQ:SGC) Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the sale, the director now directly owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Superior Group of Companies Price Performance

NASDAQ SGC opened at $16.32 on Thursday. The company has a 50 day moving average price of $15.47 and a two-hundred day moving average price of $17.05. Superior Group of Companies, Inc. has a 12-month low of $11.03 and a 12-month high of $21.80. The stock has a market capitalization of $266.67 million, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.07 and a beta of 1.42. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The firm had revenue of $149.69 million for the quarter, compared to the consensus estimate of $143.03 million. During the same period in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts predict that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Wednesday, November 13th. Superior Group of Companies’s payout ratio is 67.47%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SGC shares. Barrington Research increased their price target on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Superior Group of Companies

Large investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of Superior Group of Companies during the first quarter worth approximately $1,128,000. O Shaughnessy Asset Management LLC lifted its position in shares of Superior Group of Companies by 220.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock worth $1,223,000 after acquiring an additional 50,964 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Superior Group of Companies by 253.1% during the 2nd quarter. Acadian Asset Management LLC now owns 69,063 shares of the textile maker’s stock worth $1,303,000 after purchasing an additional 49,506 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Superior Group of Companies by 13.6% during the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after purchasing an additional 4,090 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Superior Group of Companies by 47.2% in the second quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock valued at $2,127,000 after purchasing an additional 36,045 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

About Superior Group of Companies

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.