Barclays PLC Has $343,000 Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

Barclays PLC grew its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 55.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,181 shares of the textile maker’s stock after buying an additional 7,925 shares during the period. Barclays PLC’s holdings in Superior Group of Companies were worth $343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of Superior Group of Companies by 148.4% in the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after buying an additional 1,729 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Superior Group of Companies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after purchasing an additional 4,303 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Superior Group of Companies in the third quarter worth about $154,000. Algert Global LLC bought a new position in shares of Superior Group of Companies in the second quarter worth about $192,000. Finally, HighTower Advisors LLC bought a new position in shares of Superior Group of Companies in the third quarter worth about $167,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Insider Activity

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the sale, the director now directly owns 205,281 shares in the company, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 27.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. 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 research note on Monday, November 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, October 8th.

Superior Group of Companies Trading Down 0.7 %

Shares of SGC opened at $16.09 on Friday. Superior Group of Companies, Inc. has a 12-month low of $11.66 and a 12-month high of $21.80. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $262.93 million, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.15 and a beta of 1.46. The stock’s 50-day moving average price is $16.40 and its 200 day moving average price is $16.34.

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 (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The firm had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. During the same period in the previous year, the company posted $0.19 earnings per share. As a group, research analysts predict that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.48%. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

About Superior Group of Companies

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.