De Lisle Partners LLP Purchases 21,904 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

De Lisle Partners LLP raised its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 52.6% in the third quarter, HoldingsChannel reports. The firm owned 63,540 shares of the textile maker’s stock after buying an additional 21,904 shares during the quarter. De Lisle Partners LLP’s holdings in Superior Group of Companies were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. US Bancorp DE lifted its position in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 1,729 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Superior Group of Companies by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock valued at $902,000 after buying an additional 1,900 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Superior Group of Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after acquiring an additional 2,799 shares during the period. Empowered Funds LLC increased its holdings in Superior Group of Companies by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 81,637 shares of the textile maker’s stock worth $1,265,000 after acquiring an additional 4,154 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Superior Group of Companies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after acquiring an additional 4,303 shares during the period. 33.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SGC shares. DA Davidson reissued 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. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Barrington Research upped 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.

Insider Transactions at Superior Group of Companies

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction on 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 trade represents a 5.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 27.10% of the company’s stock.

Superior Group of Companies Price Performance

Shares of NASDAQ:SGC opened at $16.89 on Friday. The firm has a market cap of $275.98 million, a price-to-earnings ratio of 20.35, a P/E/G ratio of 2.18 and a beta of 1.42. The firm has a fifty day moving average price of $15.64 and a 200 day moving average price of $16.99. Superior Group of Companies, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $21.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The business had revenue of $149.69 million during the quarter, compared to the consensus estimate of $143.03 million. During the same quarter in the prior year, the firm earned $0.19 EPS. As a group, sell-side analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Wednesday, November 13th. Superior Group of Companies’s payout ratio is 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.