Public Employees Retirement System of Ohio Acquires Shares of 9,917 Superior Group of Companies, Inc. (NASDAQ:SGC)

Public Employees Retirement System of Ohio bought a new position in Superior Group of Companies, Inc. (NASDAQ:SGC) during the third quarter, Holdings Channel reports. The fund bought 9,917 shares of the textile maker’s stock, valued at approximately $154,000.

Several other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Superior Group of Companies by 47.2% during the second quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock worth $2,127,000 after acquiring an additional 36,045 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Superior Group of Companies by 83.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock worth $3,632,000 after purchasing an additional 87,481 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Superior Group of Companies in the 2nd quarter worth approximately $469,000. Ritholtz Wealth Management increased its position in Superior Group of Companies by 29.6% during the 2nd quarter. Ritholtz Wealth Management now owns 42,939 shares of the textile maker’s stock valued at $812,000 after buying an additional 9,802 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Superior Group of Companies by 2,824.1% during the second quarter. Rhumbline Advisers now owns 17,252 shares of the textile maker’s stock valued at $326,000 after buying an additional 16,662 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the company’s stock in a transaction 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 approximately $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SGC shares. Barrington Research increased their target price 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. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Superior Group of Companies Stock Up 0.7 %

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

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, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $149.69 million during the quarter, compared to the consensus estimate 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 company earned $0.19 EPS. Equities analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

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

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.