BNP Paribas Financial Markets Has $43,000 Position in Superior Group of Companies, Inc. (NASDAQ:SGC)

BNP Paribas Financial Markets trimmed its holdings in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 65.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,777 shares of the textile maker’s stock after selling 5,315 shares during the period. BNP Paribas Financial Markets’ holdings in Superior Group of Companies were worth $43,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE increased its holdings in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after buying an additional 1,729 shares during the last quarter. Algert Global LLC bought a new position in shares of Superior Group of Companies in the 2nd quarter valued at about $192,000. Cannon Financial Strategists Inc. bought a new position in shares of Superior Group of Companies in the 2nd quarter valued at about $261,000. Sei Investments Co. acquired a new position in shares of Superior Group of Companies during the 2nd quarter worth about $266,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Superior Group of Companies by 44.2% in the 3rd quarter. GSA Capital Partners LLP now owns 20,098 shares of the textile maker’s stock valued at $311,000 after purchasing an additional 6,158 shares during the period. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Stock Performance

NASDAQ:SGC opened at $16.30 on Friday. The stock has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $16.69. The stock has a market cap of $266.36 million, a P/E ratio of 19.64, a PEG ratio of 2.15 and a beta of 1.46. Superior Group of Companies, Inc. has a 1-year low of $11.66 and a 1-year high of $21.80. The company has a current ratio of 2.86, a quick ratio of 1.87 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 earnings per share for the quarter, topping 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 company had revenue of $149.69 million during the quarter, compared to the consensus estimate of $143.03 million. During the same quarter last year, the firm earned $0.19 earnings per share. Research 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Insiders Place Their Bets

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the business’s 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 transaction, the director now owns 205,281 shares of the company’s stock, valued at $3,350,185.92. The trade was a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 27.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.