Jane Street Group LLC Buys 4,895 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Jane Street Group LLC boosted its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 44.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,971 shares of the textile maker’s stock after buying an additional 4,895 shares during the quarter. Jane Street Group LLC’s holdings in Superior Group of Companies were worth $247,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SGC. US Bancorp DE grew 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 buying an additional 1,729 shares during the period. MetLife Investment Management LLC grew its position in Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after buying an additional 4,303 shares during the period. HighTower Advisors LLC bought a new position in Superior Group of Companies during the third quarter valued at about $167,000. Algert Global LLC bought a new position in Superior Group of Companies during the second quarter valued at about $192,000. Finally, Cannon Financial Strategists Inc. bought a new position in Superior Group of Companies during the second quarter valued at about $261,000. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Price Performance

Shares of NASDAQ:SGC opened at $15.09 on Friday. 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 $246.59 million, a PE ratio of 18.18, a P/E/G ratio of 2.15 and a beta of 1.46. Superior Group of Companies, Inc. has a twelve month low of $11.66 and a twelve month high of $21.80. The company has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $16.22.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $149.69 million during the quarter, compared to analyst estimates of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter last year, the business earned $0.19 earnings per share. Equities analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.71%. Superior Group of Companies’s dividend payout ratio (DPR) is currently 67.47%.

Insider Activity

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $3,350,185.92. This trade 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. 26.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.