Superior Group of Companies, Inc. (NASDAQ:SGC) Short Interest Down 37.1% in May

Superior Group of Companies, Inc. (NASDAQ:SGCGet Free Report) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 61,000 shares, a decline of 37.1% from the May 15th total of 97,000 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 85,100 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

SGC has been the topic of a number of recent research reports. StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. DA Davidson assumed coverage on Superior Group of Companies in a research report on Tuesday, June 4th. They set a “buy” rating and a $24.00 price objective on the stock. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Superior Group of Companies in a research report on Tuesday, May 28th. Finally, Singular Research reaffirmed a “buy” rating on shares of Superior Group of Companies in a research report on Tuesday, March 19th.

Read Our Latest Stock Report on Superior Group of Companies

Superior Group of Companies Price Performance

SGC traded down $0.83 during trading on Thursday, hitting $19.73. The company’s stock had a trading volume of 83,738 shares, compared to its average volume of 72,329. The company has a current ratio of 3.03, a quick ratio of 1.98 and a debt-to-equity ratio of 0.42. Superior Group of Companies has a twelve month low of $7.36 and a twelve month high of $21.80. The business’s fifty day simple moving average is $18.40 and its 200 day simple moving average is $15.64. The firm has a market capitalization of $330.48 million, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.80 and a beta of 1.47.

Superior Group of Companies (NASDAQ:SGCGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.17. Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%. The firm had revenue of $138.84 million for the quarter, compared to analyst estimates of $135.08 million. On average, equities research analysts forecast that Superior Group of Companies will post 0.75 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a dividend of $0.14 per share. The ex-dividend date was Friday, May 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.84%. Superior Group of Companies’s payout ratio is currently 76.71%.

Insider Buying and Selling

In related news, insider Philip Koosed sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.64, for a total value of $140,760.00. Following the transaction, the insider now directly owns 82,436 shares of the company’s stock, valued at approximately $1,289,299.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Superior Group of Companies news, Director Paul V. Mellini sold 6,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the transaction, the director now owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip Koosed sold 9,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $15.64, for a total value of $140,760.00. Following the completion of the transaction, the insider now directly owns 82,436 shares in the company, valued at approximately $1,289,299.04. The disclosure for this sale can be found here. 26.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SGC. EntryPoint Capital LLC acquired a new position in Superior Group of Companies during the first quarter worth $28,000. Barclays PLC purchased a new stake in shares of Superior Group of Companies during the third quarter worth $32,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Superior Group of Companies during the fourth quarter worth $113,000. Lazard Asset Management LLC increased its position in shares of Superior Group of Companies by 10,390.3% during the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock worth $124,000 after acquiring an additional 7,481 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Superior Group of Companies by 78.1% during the third quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker’s stock worth $125,000 after acquiring an additional 7,111 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.

About Superior Group of Companies

(Get Free Report)

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.

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