De Lisle Partners LLP Increases Stake in Superior Group of Companies, Inc. (NASDAQ:SGC)

De Lisle Partners LLP increased its holdings in Superior Group of Companies, Inc. (NASDAQ:SGC) by 52.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,540 shares of the textile maker’s stock after purchasing an additional 21,904 shares during the period. De Lisle Partners LLP owned approximately 0.39% of Superior Group of Companies worth $984,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Superior Group of Companies by 148.4% in the 3rd 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. Lazard Asset Management LLC boosted its position in Superior Group of Companies by 10,390.3% during the 1st 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 during the period. MetLife Investment Management LLC boosted its position in Superior Group of Companies by 129.1% during the 3rd 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 period. Algert Global LLC purchased a new stake in Superior Group of Companies during the 2nd quarter valued at $192,000. Finally, Cannon Financial Strategists Inc. purchased a new stake in Superior Group of Companies during the 2nd quarter valued at $261,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Wall Street Analyst Weigh In

SGC has been the subject of several analyst reports. Barrington Research increased their price target 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. DA Davidson reissued a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a research report on Tuesday, October 8th. Finally, StockNews.com lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

Insider Activity at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $16.32, for a total transaction of $204,000.00. Following the sale, the director now directly owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.10% of the stock is currently owned by insiders.

Superior Group of Companies Stock Up 0.6 %

Shares of NASDAQ SGC opened at $16.89 on Friday. 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, Inc. has a 12 month low of $11.08 and a 12 month high of $21.80. The firm has a market capitalization of $275.98 million, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.42. The firm has a fifty day simple moving average of $15.64 and a two-hundred day simple moving average of $16.99.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $149.69 million during the quarter, compared to analyst estimates of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same period last year, the business earned $0.19 EPS. Equities analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.32%. The ex-dividend date was Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio (DPR) is 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.