Two Sigma Advisers LP Acquires 2,700 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Two Sigma Advisers LP raised its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 16.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 18,900 shares of the textile maker’s stock after purchasing an additional 2,700 shares during the period. Two Sigma Advisers LP owned approximately 0.12% of Superior Group of Companies worth $312,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SGC. BNP Paribas Financial Markets lifted its holdings in shares of Superior Group of Companies by 344.4% in the fourth quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker’s stock valued at $204,000 after purchasing an additional 9,563 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Superior Group of Companies by 17.9% in the fourth quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker’s stock valued at $213,000 after purchasing an additional 1,960 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Superior Group of Companies in the fourth quarter valued at approximately $235,000. Integrated Quantitative Investments LLC bought a new position in shares of Superior Group of Companies in the fourth quarter valued at approximately $238,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Superior Group of Companies in the fourth quarter valued at approximately $249,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analysts Set New Price Targets

SGC has been the topic of a number of recent research reports. Wall Street Zen lowered Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Saturday, April 19th. DA Davidson dropped their target price on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Noble Financial initiated coverage on Superior Group of Companies in a report on Thursday, May 29th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Barrington Research dropped their target price on Superior Group of Companies from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, May 13th.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $10.27 on Friday. The business’s fifty day simple moving average is $10.17 and its 200 day simple moving average is $13.31. The firm has a market capitalization of $164.15 million, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.52 and a beta of 1.67. Superior Group of Companies, Inc. has a 12 month low of $9.11 and a 12 month high of $21.80. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). The business had revenue of $137.10 million for the quarter, compared to the consensus estimate of $139.85 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. As a group, analysts anticipate that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.14 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 5.45%. Superior Group of Companies’s payout ratio is presently 124.44%.

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.