Insider Selling: Superior Group of Companies, Inc. (NASDAQ:SGC) Director Sells 12,500 Shares of Stock

Superior Group of Companies, Inc. (NASDAQ:SGC) Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $16.32, for a total transaction of $204,000.00. Following the sale, the director now owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. The trade was a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Superior Group of Companies Price Performance

Superior Group of Companies stock traded up $0.04 during mid-day trading on Monday, hitting $16.27. 13,163 shares of the company were exchanged, compared to its average volume of 92,386. Superior Group of Companies, Inc. has a 12-month low of $11.03 and a 12-month high of $21.80. The company has a market capitalization of $265.87 million, a P/E ratio of 19.55, a PEG ratio of 2.09 and a beta of 1.42. The business’s 50 day simple moving average is $15.34 and its two-hundred day simple moving average is $17.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $149.69 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.19 earnings per share. Analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.44%. Superior Group of Companies’s dividend payout ratio (DPR) is 67.47%.

Wall Street Analyst Weigh In

SGC has been the subject of several research analyst reports. StockNews.com downgraded Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. DA Davidson reaffirmed a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Finally, Barrington Research increased their price objective on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, November 11th.

Institutional Investors Weigh In On Superior Group of Companies

Institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in Superior Group of Companies during the 1st quarter worth $28,000. US Bancorp DE increased its stake in Superior Group of Companies by 148.4% during the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after buying an additional 1,729 shares during the period. Janney Montgomery Scott LLC increased its stake in 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 worth $902,000 after buying an additional 1,900 shares during the period. Vanguard Group Inc. lifted its holdings in Superior Group of Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock worth $9,972,000 after buying an additional 2,799 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Superior Group of Companies by 13.6% in the 1st quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after buying an additional 4,090 shares during the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

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.