EMC Capital Management Raises Position in Superior Group of Companies, Inc. (NASDAQ:SGC)

EMC Capital Management boosted its holdings in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 59.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,803 shares of the textile maker’s stock after buying an additional 4,405 shares during the period. EMC Capital Management’s holdings in Superior Group of Companies were worth $195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. raised its position in shares of Superior Group of Companies by 87.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock valued at $2,957,000 after buying an additional 89,096 shares in the last quarter. North Star Investment Management Corp. raised its position in Superior Group of Companies by 16.1% during the third quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock valued at $6,038,000 after purchasing an additional 54,000 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Superior Group of Companies by 186.8% during the second quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock worth $1,475,000 after purchasing an additional 50,800 shares during the last quarter. CWC Advisors LLC. bought a new stake in Superior Group of Companies during the third quarter worth about $442,000. Finally, De Lisle Partners LLP boosted its holdings in shares of Superior Group of Companies by 52.6% in the 3rd quarter. De Lisle Partners LLP now owns 63,540 shares of the textile maker’s stock worth $984,000 after purchasing an additional 21,904 shares in the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SGC shares. DA Davidson reissued a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Finally, Barrington Research increased their target price on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Insider Buying and Selling at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the transaction, the director now directly owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. The trade was a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.10% of the company’s stock.

Superior Group of Companies Trading Up 0.2 %

Shares of SGC stock opened at $15.67 on Friday. The business has a 50-day moving average of $16.23 and a 200 day moving average of $15.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. Superior Group of Companies, Inc. has a 1-year low of $11.66 and a 1-year high of $21.80. The stock has a market capitalization of $256.05 million, a PE ratio of 18.88, a P/E/G ratio of 1.62 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The firm had revenue of $149.69 million during the quarter, compared to analyst estimates of $143.03 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, sell-side analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, November 13th. Superior Group of Companies’s payout ratio is 67.47%.

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.