Arete Wealth Advisors LLC Has $230,000 Stock Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

Arete Wealth Advisors LLC reduced its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 9.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,932 shares of the textile maker’s stock after selling 1,538 shares during the period. Arete Wealth Advisors LLC’s holdings in Superior Group of Companies were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. raised its stake in Superior Group of Companies by 81.0% in the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after purchasing an additional 103,051 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Superior Group of Companies by 87.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after purchasing an additional 89,096 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Superior Group of Companies by 83.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock valued at $3,632,000 after purchasing an additional 87,481 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Superior Group of Companies by 16.1% during the 3rd quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock worth $6,038,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Superior Group of Companies by 186.8% in the 2nd quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock valued at $1,475,000 after buying an additional 50,800 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $16.93 on Friday. The company has a market cap of $276.64 million, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.18 and a beta of 1.42. 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 52 week low of $11.08 and a 52 week high of $21.80. The business has a 50 day moving average price of $15.71 and a 200-day moving average price of $16.97.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $149.69 million for 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 earned $0.19 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 annualized dividend and a yield of 3.31%. Superior Group of Companies’s dividend payout ratio (DPR) is 67.47%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barrington Research increased their price target on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. DA Davidson reiterated a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th. Finally, StockNews.com lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

Insiders Place Their Bets

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $16.32, for a total transaction of $204,000.00. Following the completion of the transaction, the director now owns 205,281 shares in the company, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 27.10% of the company’s stock.

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.