Integrated Quantitative Investments LLC Acquires Shares of 14,393 Superior Group of Companies, Inc. (NASDAQ:SGC)

Integrated Quantitative Investments LLC bought a new position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) during the fourth quarter, HoldingsChannel reports. The firm bought 14,393 shares of the textile maker’s stock, valued at approximately $238,000.

Several other hedge funds also recently made changes to their positions in SGC. JPMorgan Chase & Co. lifted its stake in Superior Group of Companies by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 39,902 shares of the textile maker’s stock worth $618,000 after purchasing an additional 1,193 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Superior Group of Companies by 24.7% in the 4th quarter. Prudential Financial Inc. now owns 15,160 shares of the textile maker’s stock worth $251,000 after buying an additional 3,000 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Superior Group of Companies by 5.1% in the 4th quarter. Empowered Funds LLC now owns 85,765 shares of the textile maker’s stock valued at $1,418,000 after buying an additional 4,128 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Superior Group of Companies by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after buying an additional 4,303 shares during the period. Finally, EMC Capital Management grew its position in shares of Superior Group of Companies by 59.5% during the 4th quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock valued at $195,000 after buying an additional 4,405 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Trading Up 1.3 %

NASDAQ:SGC opened at $10.19 on Friday. The business has a fifty day moving average of $13.30 and a 200-day moving average of $15.00. The stock has a market cap of $167.91 million, a price-to-earnings ratio of 12.28, a PEG ratio of 1.52 and a beta of 1.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. Superior Group of Companies, Inc. has a 1 year low of $9.35 and a 1 year high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The company had revenue of $145.41 million during the quarter, compared to the consensus estimate of $146.54 million. Equities analysts predict that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 annualized dividend and a dividend yield of 5.50%. Superior Group of Companies’s dividend payout ratio (DPR) is 75.68%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SGC. Barrington Research decreased their target price on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. DA Davidson reduced their price objective on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Finally, StockNews.com lowered Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th.

Superior Group of Companies 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.