Algert Global LLC Makes New $192,000 Investment in Superior Group of Companies, Inc. (NASDAQ:SGC)

Algert Global LLC bought a new position in Superior Group of Companies, Inc. (NASDAQ:SGC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,170 shares of the textile maker’s stock, valued at approximately $192,000. Algert Global LLC owned about 0.06% of Superior Group of Companies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Superior Group of Companies during the first quarter valued at approximately $28,000. Lazard Asset Management LLC boosted its position in shares of 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. Sei Investments Co. bought a new position in shares of Superior Group of Companies in the second quarter worth approximately $266,000. Rhumbline Advisers boosted its position in shares of Superior Group of Companies by 2,824.1% in the second quarter. Rhumbline Advisers now owns 17,252 shares of the textile maker’s stock worth $326,000 after purchasing an additional 16,662 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Superior Group of Companies by 68.5% in the first quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock worth $321,000 after purchasing an additional 7,953 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SGC. DA Davidson reaffirmed a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research note on Tuesday. StockNews.com cut 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 dropped their price objective on shares of Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, August 21st.

Insider Transactions at Superior Group of Companies

In other news, CEO Michael Benstock acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $13.45 per share, with a total value of $134,500.00. Following the transaction, the chief executive officer now directly owns 583,848 shares in the company, valued at approximately $7,852,755.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Loreen M. Spencer bought 3,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $13.20 per share, with a total value of $46,200.00. Following the transaction, the director now owns 7,266 shares in the company, valued at approximately $95,911.20. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Benstock bought 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the transaction, the chief executive officer now owns 583,848 shares in the company, valued at $7,852,755.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 15,500 shares of company stock valued at $206,700 in the last 90 days. Insiders own 27.10% of the company’s stock.

Superior Group of Companies Trading Down 0.3 %

Shares of SGC opened at $15.01 on Friday. Superior Group of Companies, Inc. has a 1-year low of $7.40 and a 1-year high of $21.80. The company has a 50-day moving average of $14.52 and a 200 day moving average of $17.22. The firm has a market capitalization of $251.72 million, a price-to-earnings ratio of 20.56, a PEG ratio of 2.05 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 announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 earnings per share 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 company had revenue of $131.74 million for the quarter, compared to the consensus estimate of $136.60 million. During the same quarter in the previous year, the business earned $0.08 EPS. On average, research analysts expect that Superior Group of Companies, Inc. will post 0.74 EPS for the current year.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Saturday, August 17th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, August 16th. Superior Group of Companies’s payout ratio is currently 76.71%.

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.