Mason & Associates Inc Purchases Shares of 10,962 Superior Group of Companies, Inc. (NASDAQ:SGC)

Mason & Associates Inc acquired a new position in Superior Group of Companies, Inc. (NASDAQ:SGC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,962 shares of the textile maker’s stock, valued at approximately $181,000. Mason & Associates Inc owned approximately 0.07% of Superior Group of Companies as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. US Bancorp DE increased its stake in Superior Group of Companies by 148.4% in the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after purchasing an additional 1,729 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of 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 acquiring an additional 4,303 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Superior Group of Companies during the 3rd quarter valued at $154,000. HighTower Advisors LLC acquired a new position in Superior Group of Companies during the third quarter valued at $167,000. Finally, Algert Global LLC purchased a new stake in shares of Superior Group of Companies in the second quarter worth approximately $192,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Trading Up 2.2 %

Shares of NASDAQ SGC opened at $15.95 on Thursday. Superior Group of Companies, Inc. has a 1-year low of $11.66 and a 1-year high of $21.80. 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 company has a 50-day moving average of $16.45 and a two-hundred day moving average of $16.15. The company has a market cap of $260.64 million, a PE ratio of 19.22, a P/E/G ratio of 1.56 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The business had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. During the same period in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts expect 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 company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.14 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.56 annualized dividend and a yield of 3.51%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 67.47%.

Insider Transactions at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the transaction, the director now owns 205,281 shares in the company, valued at $3,350,185.92. The trade was a 5.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 27.10% of the company’s stock.

Analysts Set New Price Targets

SGC has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th. StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Finally, Barrington Research lifted their target price on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

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.