GSA Capital Partners LLP Grows Stock Position in Superior Group of Companies, Inc. (NASDAQ:SGC)

GSA Capital Partners LLP lifted its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 44.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,098 shares of the textile maker’s stock after purchasing an additional 6,158 shares during the quarter. GSA Capital Partners LLP’s holdings in Superior Group of Companies were worth $311,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in Superior Group of Companies by 13.6% during the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock worth $566,000 after acquiring an additional 4,090 shares during the period. Vanguard Group Inc. grew its holdings in Superior Group of Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after purchasing an additional 2,799 shares during the last quarter. Acadian Asset Management LLC grew its holdings in 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 valued at $321,000 after purchasing an additional 7,953 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Superior Group of Companies by 220.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock valued at $1,223,000 after purchasing an additional 50,964 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Superior Group of Companies in the first quarter valued at $28,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Insiders Place Their Bets

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

Superior Group of Companies Trading Up 1.1 %

NASDAQ:SGC opened at $16.64 on Friday. Superior Group of Companies, Inc. has a 12-month low of $11.08 and a 12-month high of $21.80. The firm has a market capitalization of $271.91 million, a P/E ratio of 20.07, a P/E/G ratio of 2.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The business has a 50 day simple moving average of $15.51 and a 200 day simple moving average of $17.05.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. The business had revenue of $149.69 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.19 earnings per share. Equities research analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.37%. The ex-dividend date is Wednesday, November 13th. Superior Group of Companies’s payout ratio is currently 67.47%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a research report on Tuesday, October 8th. Barrington Research upped their price objective on Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com downgraded Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

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.