Rhumbline Advisers Grows Stock Position in Superior Group of Companies, Inc. (NASDAQ:SGC)

Rhumbline Advisers boosted its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 53.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,940 shares of the textile maker’s stock after acquiring an additional 10,427 shares during the quarter. Rhumbline Advisers owned about 0.18% of Superior Group of Companies worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SGC. Jacobs Levy Equity Management Inc. boosted its holdings in Superior Group of Companies by 87.5% in the 3rd 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. Allspring Global Investments Holdings LLC raised its position in shares of Superior Group of Companies by 51.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock valued at $2,612,000 after purchasing an additional 53,492 shares in the last quarter. De Lisle Partners LLP raised its position 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 valued at $984,000 after purchasing an additional 21,904 shares in the last quarter. State Street Corp raised its position 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 valued at $2,860,000 after purchasing an additional 17,188 shares in the last quarter. Finally, Mason & Associates Inc acquired a new position in shares of Superior Group of Companies in the 4th quarter valued at approximately $181,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Stock Performance

SGC stock opened at $13.81 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The firm has a market cap of $225.67 million, a P/E ratio of 16.64, a P/E/G ratio of 1.52 and a beta of 1.55. Superior Group of Companies, Inc. has a 12-month low of $11.66 and a 12-month high of $21.80. The stock’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $15.42.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SGC shares. Barrington Research upped their target price 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. StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd.

About Superior Group of Companies

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.