Superior Group of Companies, Inc. (NASDAQ:SGC) Short Interest Update

Superior Group of Companies, Inc. (NASDAQ:SGCGet Free Report) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 61,000 shares, a decline of 37.1% from the May 15th total of 97,000 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 85,100 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson initiated coverage on shares of Superior Group of Companies in a research report on Tuesday, June 4th. They issued a “buy” rating and a $24.00 target price on the stock. Barrington Research restated an “outperform” rating and set a $22.00 price objective on shares of Superior Group of Companies in a research report on Tuesday, May 28th. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Finally, Singular Research restated a “buy” rating on shares of Superior Group of Companies in a report on Tuesday, March 19th.

Check Out Our Latest Research Report on SGC

Insider Activity

In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.64, for a total transaction of $140,760.00. Following the completion of the transaction, the insider now directly owns 82,436 shares in the company, valued at $1,289,299.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Philip Koosed sold 9,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.64, for a total value of $140,760.00. Following the sale, the insider now directly owns 82,436 shares of the company’s stock, valued at $1,289,299.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul V. Mellini sold 6,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the transaction, the director now directly owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The disclosure for this sale can be found here. Corporate insiders own 27.10% of the company’s stock.

Institutional Investors Weigh In On Superior Group of Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new position in Superior Group of Companies in the first quarter valued at approximately $28,000. Barclays PLC acquired a new position in shares of Superior Group of Companies during the 3rd quarter valued at $32,000. Hillsdale Investment Management Inc. bought a new position in Superior Group of Companies during the fourth quarter worth $113,000. Lazard Asset Management LLC grew its holdings in Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock worth $124,000 after purchasing an additional 7,481 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Superior Group of Companies by 78.1% in the third quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker’s stock valued at $125,000 after purchasing an additional 7,111 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Trading Down 0.9 %

Shares of Superior Group of Companies stock traded down $0.18 during midday trading on Friday, reaching $19.55. The company had a trading volume of 63,375 shares, compared to its average volume of 72,277. The stock has a fifty day moving average price of $18.46 and a 200 day moving average price of $15.67. Superior Group of Companies has a fifty-two week low of $7.36 and a fifty-two week high of $21.80. The firm has a market cap of $327.46 million, a PE ratio of 26.43, a P/E/G ratio of 2.73 and a beta of 1.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.03 and a quick ratio of 1.98.

Superior Group of Companies (NASDAQ:SGCGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The textile maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.17. Superior Group of Companies had a net margin of 2.14% and a return on equity of 6.00%. The company had revenue of $138.84 million for the quarter, compared to analyst estimates of $135.08 million. On average, equities analysts anticipate that Superior Group of Companies will post 0.75 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, May 17th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 76.71%.

About Superior Group of Companies

(Get Free Report)

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.

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