CWC Advisors LLC. Buys New Shares in Superior Group of Companies, Inc. (NASDAQ:SGC)

CWC Advisors LLC. bought a new stake in Superior Group of Companies, Inc. (NASDAQ:SGC) in the third quarter, HoldingsChannel.com reports. The firm bought 28,504 shares of the textile maker’s stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new position in Superior Group of Companies in the first quarter valued at $28,000. Vanguard Group Inc. raised its stake in Superior Group of Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after buying an additional 2,799 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Superior Group of Companies by 13.6% in the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after buying an additional 4,090 shares in the last quarter. Lazard Asset Management LLC raised its stake 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 valued at $124,000 after buying an additional 7,481 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Superior Group of Companies by 68.5% in the first quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock valued at $321,000 after buying an additional 7,953 shares in the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on SGC shares. Barrington Research cut their price target on Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 21st. DA Davidson restated a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Finally, StockNews.com cut Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

Superior Group of Companies Stock Up 0.7 %

SGC opened at $14.90 on Friday. The business’s 50-day simple moving average is $14.75 and its 200-day simple moving average is $17.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.82. Superior Group of Companies, Inc. has a one year low of $7.72 and a one year high of $21.80. The stock has a market capitalization of $249.50 million, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.04 and a beta of 1.41.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $131.74 million during the quarter, compared to analyst estimates of $136.60 million. Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. During the same quarter last year, the firm earned $0.08 EPS. Analysts anticipate that Superior Group of Companies, Inc. will post 0.74 EPS for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Saturday, August 17th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Friday, August 16th. Superior Group of Companies’s dividend payout ratio is presently 76.71%.

Insider Buying and Selling at Superior Group of Companies

In other Superior Group of Companies news, insider Jake Himelstein acquired 2,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the insider now owns 40,825 shares of the company’s stock, valued at $530,725. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jake Himelstein purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $13.00 per share, with a total value of $26,000.00. Following the purchase, the insider now directly owns 40,825 shares of the company’s stock, valued at $530,725. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Loreen M. Spencer purchased 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of $13.20 per share, for a total transaction of $46,200.00. Following the purchase, the director now directly owns 7,266 shares in the company, valued at approximately $95,911.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 15,500 shares of company stock valued at $206,700. 27.10% of the stock is owned by corporate insiders.

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.