Dimensional Fund Advisors LP Grows Position in Superior Group of Companies, Inc. (NASDAQ:SGC)

Dimensional Fund Advisors LP boosted its position in Superior Group of Companies, Inc. (NASDAQ:SGC) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 878,889 shares of the textile maker’s stock after acquiring an additional 13,690 shares during the quarter. Dimensional Fund Advisors LP owned 5.25% of Superior Group of Companies worth $16,620,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Superior Group of Companies by 205.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 104,607 shares of the textile maker’s stock valued at $1,728,000 after purchasing an additional 70,400 shares in the last quarter. Prosperity Consulting Group LLC purchased a new position in shares of Superior Group of Companies in the 1st quarter valued at about $597,000. Janney Montgomery Scott LLC acquired a new stake in shares of Superior Group of Companies during the 1st quarter worth about $901,000. Empowered Funds LLC lifted its stake in Superior Group of Companies by 369.4% during the first quarter. Empowered Funds LLC now owns 71,903 shares of the textile maker’s stock worth $1,188,000 after purchasing an additional 56,584 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in 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 valued at $566,000 after purchasing an additional 4,090 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Insider Buying and Selling at Superior Group of Companies

In related news, insider Jake Himelstein purchased 2,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $13.00 per share, with a total value of $26,000.00. Following the purchase, the insider now directly owns 40,825 shares in the company, valued at $530,725. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jake Himelstein purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the insider now directly owns 40,825 shares in the company, valued at $530,725. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Loreen M. Spencer acquired 3,500 shares of Superior Group of Companies stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the transaction, the director now directly owns 7,266 shares of the company’s stock, valued at approximately $95,911.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 15,500 shares of company stock worth $206,700. 27.10% of the stock is currently owned by insiders.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $15.08 on Friday. The firm’s fifty day simple moving average is $15.00 and its 200-day simple moving average is $17.27. Superior Group of Companies, Inc. has a 12 month low of $7.40 and a 12 month high of $21.80. The stock has a market capitalization of $252.51 million, a price-to-earnings ratio of 20.66, a PEG ratio of 2.11 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 1.82.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. The business had revenue of $131.74 million during the quarter, compared to analyst estimates of $136.60 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, equities analysts forecast that Superior Group of Companies, Inc. will post 0.74 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Saturday, August 17th were given a dividend of $0.14 per share. The ex-dividend date was Friday, August 16th. This represents a $0.56 dividend on an annualized basis and a yield of 3.71%. Superior Group of Companies’s payout ratio is 76.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a research report on Monday, June 24th. StockNews.com downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Barrington Research cut their target price on Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 21st.

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.