JPMorgan Chase & Co. Purchases 1,193 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

JPMorgan Chase & Co. lifted its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,902 shares of the textile maker’s stock after purchasing an additional 1,193 shares during the quarter. JPMorgan Chase & Co. owned about 0.24% of Superior Group of Companies worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new position in Superior Group of Companies in the 3rd quarter valued at approximately $167,000. Jane Street Group LLC raised its holdings in shares of Superior Group of Companies by 44.2% during the third quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker’s stock valued at $247,000 after purchasing an additional 4,895 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Superior Group of Companies by 87.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after acquiring an additional 89,096 shares during the period. Renaissance Technologies LLC grew its stake in shares of Superior Group of Companies by 186.8% during the 2nd quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock valued at $1,475,000 after purchasing an additional 50,800 shares during the period. Finally, State Street Corp lifted its stake in shares of Superior Group of Companies by 10.3% in the 3rd quarter. State Street Corp now owns 184,655 shares of the textile maker’s stock worth $2,860,000 after purchasing an additional 17,188 shares during the period. 33.75% of the stock is owned by institutional investors.

Superior Group of Companies Stock Performance

NASDAQ SGC opened at $15.64 on Tuesday. The business has a 50 day simple moving average of $16.27 and a two-hundred day simple moving average of $15.94. 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 $255.56 million, a PE ratio of 18.84, a P/E/G ratio of 1.61 and a beta of 1.46. 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 (NASDAQ:SGC) last announced its earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $143.03 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. During the same quarter in the previous year, the business earned $0.19 EPS. On average, research analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.58%. Superior Group of Companies’s payout ratio is 67.47%.

Analyst Ratings Changes

A number of brokerages recently commented on SGC. Barrington Research raised their target price on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. DA Davidson reaffirmed a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a report on Tuesday, October 8th. Finally, 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.

Insiders Place Their Bets

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $16.32, for a total transaction of $204,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 27.10% of the company’s stock.

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.