10,800 Shares in Superior Group of Companies, Inc. (NASDAQ:SGC) Bought by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,800 shares of the textile maker’s stock, valued at approximately $167,000. HighTower Advisors LLC owned approximately 0.07% of Superior Group of Companies at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in Superior Group of Companies by 81.0% in the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock valued at $4,354,000 after purchasing an additional 103,051 shares during the period. Allspring Global Investments Holdings LLC grew its position in Superior Group of Companies by 83.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock valued at $3,632,000 after buying an additional 87,481 shares during the period. North Star Investment Management Corp. increased its holdings 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 worth $6,038,000 after buying an additional 54,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Superior Group of Companies by 186.8% in the second quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock worth $1,475,000 after acquiring an additional 50,800 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Superior Group of Companies by 253.1% in the second quarter. Acadian Asset Management LLC now owns 69,063 shares of the textile maker’s stock valued at $1,303,000 after acquiring an additional 49,506 shares during the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

Superior Group of Companies Stock Performance

Shares of SGC stock opened at $16.04 on Thursday. The firm’s 50 day moving average is $16.25 and its 200 day moving average is $16.52. The stock has a market capitalization of $262.11 million, a P/E ratio of 19.33, a PEG ratio of 2.15 and a beta of 1.46. Superior Group of Companies, Inc. has a 12 month low of $11.66 and a 12 month 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 issued its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $149.69 million for the quarter, compared to analysts’ expectations of $143.03 million. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Wednesday, November 13th. Superior Group of Companies’s payout ratio is presently 67.47%.

Insider Activity

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction 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 completion of the sale, the director now owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. This trade represents 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 the SEC website. Company insiders own 26.50% of the company’s stock.

Analyst Ratings Changes

SGC has been the subject of several research analyst reports. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. DA Davidson restated a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Finally, Barrington Research upped their price target on Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research 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.