Bank of New York Mellon Corp Purchases 56,199 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Bank of New York Mellon Corp lifted its position in Superior Group of Companies, Inc. (NASDAQ:SGC) by 45.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,526 shares of the textile maker’s stock after acquiring an additional 56,199 shares during the period. Bank of New York Mellon Corp’s holdings in Superior Group of Companies were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Superior Group of Companies by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 39,902 shares of the textile maker’s stock valued at $618,000 after buying an additional 1,193 shares in the last quarter. Empowered Funds LLC lifted its stake in Superior Group of Companies by 5.1% during the 4th quarter. Empowered Funds LLC now owns 85,765 shares of the textile maker’s stock worth $1,418,000 after acquiring an additional 4,128 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Superior Group of Companies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 4,303 shares in the last quarter. EMC Capital Management raised its holdings in shares of Superior Group of Companies by 59.5% in the 4th quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 4,405 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Superior Group of Companies by 44.2% during the third quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker’s stock worth $247,000 after purchasing an additional 4,895 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Price Performance

SGC opened at $10.83 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. Superior Group of Companies, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $21.80. The company’s 50-day moving average price is $14.37 and its 200 day moving average price is $15.27. The firm has a market cap of $178.46 million, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). The firm had revenue of $145.41 million for the quarter, compared to analyst estimates of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. As a group, sell-side analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio is currently 75.68%.

Analysts Set New Price Targets

SGC has been the subject of several recent research reports. Barrington Research decreased their target price on shares of Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. DA Davidson cut their price target on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, StockNews.com downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Thursday.

Superior Group of Companies 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.