GSA Capital Partners LLP Boosts Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

GSA Capital Partners LLP lifted its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,098 shares of the textile maker’s stock after purchasing an additional 6,158 shares during the period. GSA Capital Partners LLP owned 0.12% of Superior Group of Companies worth $311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Superior Group of Companies in the first quarter worth approximately $1,128,000. O Shaughnessy Asset Management LLC grew its stake in shares of Superior Group of Companies by 220.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock worth $1,223,000 after acquiring an additional 50,964 shares during the period. Acadian Asset Management LLC grew its stake in shares of 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 worth $1,303,000 after acquiring an additional 49,506 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Superior Group of Companies by 13.6% in the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock worth $566,000 after acquiring an additional 4,090 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Superior Group of Companies by 47.2% in the second quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock worth $2,127,000 after acquiring an additional 36,045 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the firm’s stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research report on Tuesday, October 8th. StockNews.com lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Barrington Research boosted their target price on shares of 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 Stock Performance

SGC stock opened at $16.64 on Friday. The firm has a market cap of $271.91 million, a price-to-earnings ratio of 20.07, a PEG ratio of 2.07 and a beta of 1.42. The firm has a 50-day simple moving average of $15.51 and a two-hundred day simple moving average of $17.05. Superior Group of Companies, Inc. has a one year low of $11.08 and a one year high of $21.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $149.69 million for the quarter, compared to the consensus estimate of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter in the prior year, the company earned $0.19 EPS. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.37%. Superior Group of Companies’s payout ratio is currently 67.47%.

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.