Empowered Funds LLC Acquires 4,128 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Empowered Funds LLC boosted its holdings in Superior Group of Companies, Inc. (NASDAQ:SGC) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,765 shares of the textile maker’s stock after purchasing an additional 4,128 shares during the quarter. Empowered Funds LLC’s holdings in Superior Group of Companies were worth $1,418,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE grew its position in shares of Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 1,729 shares in the last quarter. MetLife Investment Management LLC boosted its stake in 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 buying an additional 4,303 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Superior Group of Companies during the 3rd quarter valued at approximately $154,000. HighTower Advisors LLC bought a new stake in Superior Group of Companies in the 3rd quarter worth approximately $167,000. Finally, Mason & Associates Inc purchased a new stake in shares of Superior Group of Companies during the 4th quarter worth approximately $181,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SGC. StockNews.com raised shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. 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 report on Monday, November 11th.

Superior Group of Companies Trading Down 1.2 %

Shares of NASDAQ SGC opened at $14.85 on Monday. 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 debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The business’s 50 day moving average is $15.79 and its two-hundred day moving average is $15.44. The stock has a market capitalization of $242.65 million, a P/E ratio of 17.89, a PEG ratio of 1.56 and a beta of 1.44.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

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.