Connor Clark & Lunn Investment Management Ltd. Invests $249,000 in Superior Group of Companies, Inc. (NASDAQ:SGC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Superior Group of Companies, Inc. (NASDAQ:SGC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,068 shares of the textile maker’s stock, valued at approximately $249,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Superior Group of Companies at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SGC. MetLife Investment Management LLC raised its stake in shares of Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 4,303 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Superior Group of Companies in the 3rd quarter worth $154,000. HighTower Advisors LLC bought a new position in shares of Superior Group of Companies during the 3rd quarter worth $167,000. Mason & Associates Inc bought a new stake in shares of Superior Group of Companies in the fourth quarter valued at about $181,000. Finally, EMC Capital Management lifted its stake in Superior Group of Companies by 59.5% in the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock worth $195,000 after acquiring an additional 4,405 shares during the period. 33.75% of the stock is currently owned by institutional investors.

Superior Group of Companies Stock Performance

SGC stock opened at $10.80 on Monday. Superior Group of Companies, Inc. has a one year low of $10.60 and a one year high of $21.80. The firm has a market cap of $177.96 million, a price-to-earnings ratio of 13.01, a PEG ratio of 1.52 and a beta of 1.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The firm has a 50-day simple moving average of $14.28 and a two-hundred day simple moving average of $15.26.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Tuesday, March 11th. The textile maker reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The firm had revenue of $145.41 million for the quarter, compared to analysts’ expectations of $146.54 million. On average, equities analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.56 annualized dividend and a yield of 5.19%. Superior Group of Companies’s dividend payout ratio (DPR) is 75.68%.

Analysts Set New Price Targets

A number of research analysts have commented on SGC shares. DA Davidson cut their target price on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Barrington Research cut their price objective on shares of Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, StockNews.com lowered Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Thursday.

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.