Superior Group of Companies, Inc. (NASDAQ:SGC – Get Rating) Director Todd E. Siegel purchased 1,486 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were bought at an average cost of $10.43 per share, for a total transaction of $15,498.98. Following the completion of the purchase, the director now directly owns 45,876 shares of the company’s stock, valued at $478,486.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Superior Group of Companies Trading Down 1.9 %
SGC stock traded down $0.19 during midday trading on Tuesday, reaching $9.95. The company’s stock had a trading volume of 685 shares, compared to its average volume of 34,224. Superior Group of Companies, Inc. has a 52 week low of $8.52 and a 52 week high of $23.52. The stock has a market cap of $162.58 million, a PE ratio of -5.16 and a beta of 1.04. The company has a quick ratio of 2.11, a current ratio of 3.60 and a debt-to-equity ratio of 0.83. The business’s 50-day simple moving average is $9.64 and its 200-day simple moving average is $13.84.
Superior Group of Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.56 dividend on an annualized basis and a yield of 5.63%. Superior Group of Companies’s payout ratio is presently -29.02%.
Analyst Upgrades and Downgrades
SGC has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Superior Group of Companies in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Barrington Research decreased their price target on shares of Superior Group of Companies from $31.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, August 25th. Finally, EF Hutton Acquisition Co. I decreased their price target on shares of Superior Group of Companies from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th.
Hedge Funds Weigh In On Superior Group of Companies
Hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank bought a new position in Superior Group of Companies in the first quarter valued at approximately $27,000. High Net Worth Advisory Group LLC raised its holdings in Superior Group of Companies by 322.2% in the first quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker’s stock worth $34,000 after purchasing an additional 1,450 shares during the period. Tower Research Capital LLC TRC raised its holdings in Superior Group of Companies by 646.1% in the third quarter. Tower Research Capital LLC TRC now owns 4,156 shares of the textile maker’s stock worth $37,000 after purchasing an additional 3,599 shares during the period. BNP Paribas Arbitrage SNC raised its holdings in Superior Group of Companies by 86.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 5,811 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,690 shares during the period. Finally, Denali Advisors LLC raised its holdings in Superior Group of Companies by 57.9% in the second quarter. Denali Advisors LLC now owns 3,000 shares of the textile maker’s stock worth $53,000 after purchasing an additional 1,100 shares during the period. 41.58% of the stock is owned by institutional investors.
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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and healthcare facilities; hotels; food and other restaurants; retail stores; special purpose industrial facilities; commercial markets; transportation; public and private safety and security organizations; and miscellaneous service uses.
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Read More: Todd E. Siegel Buys 1,486 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) Stock