EMC Capital Management Reduces Stock Position in Superior Group of Companies, Inc. (NASDAQ:SGC)

EMC Capital Management trimmed its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 48.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,803 shares of the textile maker’s stock after selling 11,000 shares during the quarter. EMC Capital Management’s holdings in Superior Group of Companies were worth $195,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in Superior Group of Companies in the first quarter valued at approximately $1,128,000. Lazard Asset Management LLC raised its holdings in Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock worth $124,000 after purchasing an additional 7,481 shares in the last quarter. EntryPoint Capital LLC bought a new position in Superior Group of Companies in the first quarter worth $28,000. O Shaughnessy Asset Management LLC raised its holdings in Superior Group of Companies by 220.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock worth $1,223,000 after purchasing an additional 50,964 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Superior Group of Companies by 1,312.8% in the first quarter. Hillsdale Investment Management Inc. now owns 117,944 shares of the textile maker’s stock worth $1,948,000 after acquiring an additional 109,596 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Stock Down 2.9 %

NASDAQ:SGC traded down $0.55 during mid-day trading on Friday, reaching $18.74. The company’s stock had a trading volume of 79,337 shares, compared to its average volume of 94,226. Superior Group of Companies, Inc. has a 1 year low of $7.36 and a 1 year high of $21.80. The stock has a fifty day moving average of $19.72 and a 200-day moving average of $17.14. The firm has a market capitalization of $313.90 million, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. The company has a quick ratio of 1.98, a current ratio of 3.03 and a debt-to-equity ratio of 0.42.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, May 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.17. Superior Group of Companies had a net margin of 2.14% and a return on equity of 6.00%. The firm had revenue of $138.84 million for the quarter, compared to the consensus estimate of $135.08 million. Equities research analysts forecast that Superior Group of Companies, Inc. will post 0.75 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.56 annualized dividend and a yield of 2.99%. Superior Group of Companies’s dividend payout ratio is presently 76.71%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SGC. DA Davidson reissued a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Monday, June 24th. Barrington Research reiterated an “outperform” rating and set a $22.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, May 28th.

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.