Superior Group of Companies, Inc. (NASDAQ:SGC) Short Interest Update

Superior Group of Companies, Inc. (NASDAQ:SGC) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 402,000 shares, a growth of 15.8% from the August 15th total of 347,200 shares. Based on an average trading volume of 149,900 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.5% of the company’s stock are short sold.

Superior Group of Companies Stock Performance

Superior Group of Companies stock traded down $0.10 during mid-day trading on Monday, reaching $14.95. 38,817 shares of the company’s stock were exchanged, compared to its average volume of 100,092. The firm has a market capitalization of $250.71 million, a PE ratio of 20.49, a P/E/G ratio of 1.96 and a beta of 1.42. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $16.28 and its 200 day simple moving average is $17.25. Superior Group of Companies has a one year low of $7.37 and a one year high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results 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 return on equity of 5.63% and a net margin of 2.02%. The company had revenue of $131.74 million during the quarter, compared to the consensus estimate of $136.60 million. During the same period last year, the firm posted $0.08 EPS. On average, sell-side analysts expect that Superior Group of Companies will post 0.74 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Saturday, August 17th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.56 annualized dividend and a dividend yield of 3.75%. Superior Group of Companies’s payout ratio is currently 76.71%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SGC shares. DA Davidson reissued a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research note on Monday, June 24th. 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. Finally, StockNews.com cut Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

Insider Transactions at Superior Group of Companies

In related news, Director Loreen M. Spencer purchased 3,500 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $13.20 per share, with a total value of $46,200.00. Following the transaction, the director now directly owns 7,266 shares of the company’s stock, valued at $95,911.20. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Loreen M. Spencer bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $13.20 per share, for a total transaction of $46,200.00. Following the purchase, the director now owns 7,266 shares of the company’s stock, valued at approximately $95,911.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jake Himelstein purchased 2,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $26,000.00. Following the transaction, the insider now owns 40,825 shares of the company’s stock, valued at $530,725. The disclosure for this purchase can be found here. Insiders acquired 15,500 shares of company stock valued at $206,700 in the last ninety days. 27.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Superior Group of Companies

Several large investors have recently added to or reduced their stakes in SGC. EntryPoint Capital LLC bought a new position in Superior Group of Companies during the first quarter valued at approximately $28,000. Lazard Asset Management LLC lifted its position in 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 valued at $124,000 after purchasing an additional 7,481 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Superior Group of Companies during the fourth quarter valued at approximately $113,000. Algert Global LLC purchased a new stake in shares of Superior Group of Companies during the second quarter valued at approximately $192,000. Finally, Cannon Financial Strategists Inc. bought a new position in shares of Superior Group of Companies in the second quarter worth approximately $261,000. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Company 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.