Public Employees Retirement System of Ohio Makes New $154,000 Investment in Superior Group of Companies, Inc. (NASDAQ:SGC)

Public Employees Retirement System of Ohio acquired a new stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,917 shares of the textile maker’s stock, valued at approximately $154,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Superior Group of Companies as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in Superior Group of Companies by 253.1% during the second quarter. Acadian Asset Management LLC now owns 69,063 shares of the textile maker’s stock valued at $1,303,000 after purchasing an additional 49,506 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Superior Group of Companies by 47.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock valued at $2,127,000 after buying an additional 36,045 shares in the last quarter. American Century Companies Inc. lifted its position in Superior Group of Companies by 81.0% in the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after buying an additional 103,051 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Superior Group of Companies in the second quarter worth approximately $638,000. Finally, Renaissance Technologies LLC grew its position in Superior Group of Companies by 186.8% during the second quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock valued at $1,475,000 after acquiring an additional 50,800 shares during the last quarter. 33.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the transaction, the director now directly owns 205,281 shares of the company’s stock, valued at $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 27.10% of the stock is currently owned by insiders.

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock opened at $16.42 on Friday. The company’s fifty day simple moving average is $16.21 and its two-hundred day simple moving average is $16.66. Superior Group of Companies, Inc. has a 12-month low of $11.66 and a 12-month high of $21.80. The firm has a market cap of $268.32 million, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.46. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) 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 analysts’ expectations of $143.03 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. During the same period last year, the firm earned $0.19 earnings per share. As a group, equities analysts expect that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.41%. Superior Group of Companies’s dividend payout ratio is presently 67.47%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SGC shares. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Finally, Barrington Research lifted their price objective on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

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.