2 weeks Ago By ABMN Staff
Superior Group of Companies, Inc. ( NASDAQ:SGC – Get Free Report ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.
19 and traded as low as $14.28. Superior Group of Companies shares last traded at $14.
48, with a volume of 74,205 shares trading hands. Wall Street Analyst Weigh In SGC has been the topic of several recent analyst reports. Barrington Research cut their price objective on shares of Superior Group of Companies from $22.
00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, August 21st. StockNews.
com downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a report on Monday, June 24th.
View Our Latest Report on Superior Group of Companies Superior Group of Companies Price Performance Superior Group of Companies ( NASDAQ:SGC – Get Free Report ) last posted its earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
10 by ($0.06). Superior Group of Companies had a return on equity of 5.
63% and a net margin of 2.02%. The business had revenue of $131.
74 million for the quarter, compared to analyst estimates of $136.60 million. During the same period last year, the company posted $0.
08 EPS. As a group, research analysts predict that Superior Group of Companies, Inc. will post 0.
75 EPS for the current year. Superior Group of Companies Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Saturday, August 17th were given a $0.
14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.
87%. The ex-dividend date of this dividend was Friday, August 16th. Superior Group of Companies’s payout ratio is currently 76.
71%. Insider Activity at Superior Group of Companies In related news, CEO Michael Benstock acquired 10,000 shares of Superior Group of Companies stock in a transaction on Friday, August 16th. The shares were bought at an average price of $13.
45 per share, for a total transaction of $134,500.00. Following the completion of the purchase, the chief executive officer now directly owns 583,848 shares in the company, valued at approximately $7,852,755.
60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other news, insider Jake Himelstein purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th.
The shares were purchased 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 approximately $530,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, CEO Michael Benstock acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 16th.
The stock was purchased at an average cost of $13.45 per share, with a total value of $134,500.00.
Following the completion of the transaction, the chief executive officer now owns 583,848 shares in the company, valued at $7,852,755.60. The disclosure for this purchase can be found here .
In the last 90 days, insiders have acquired 15,500 shares of company stock worth $206,700. 27.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Superior Group of Companies Hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. acquired a new position in Superior Group of Companies in the first quarter worth $1,128,000.
Janney Montgomery Scott LLC acquired a new stake in Superior Group of Companies during the first quarter worth about $901,000. Aegis Financial Corp lifted its holdings in shares of Superior Group of Companies by 10.7% in the 4th quarter.
Aegis Financial Corp now owns 421,036 shares of the textile maker’s stock worth $5,684,000 after purchasing an additional 40,749 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Superior Group of Companies by 220.9% in the first quarter.
O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock valued at $1,223,000 after buying an additional 50,964 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Superior Group of Companies by 369.4% during the first quarter.
Empowered Funds LLC now owns 71,903 shares of the textile maker’s stock worth $1,188,000 after acquiring an additional 56,584 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.
Superior Group of Companies Company Profile ( Get Free Report ) 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.
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