Andrew D. Demott, Jr. Sells 12,000 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) Stock

Key Points

• On August 11th, Superior Group of Companies Director Andrew D. Demott, Jr. sold 12,000 shares at an average price of $11.46, totaling $137,520, resulting in a 5.60% decrease in his ownership.
• The company recently announced a quarterly dividend of $0.14 per share, set to be paid on August 29th, representing a yield of 4.4%.
• Superior Group's stock rose by 7.0% to $12.72 after reporting better-than-expected earnings of $0.10 per share, exceeding analysts’ estimates of $0.05.

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) Director Andrew D. Demott, Jr. sold 12,000 shares of Superior Group of Companies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $11.46, for a total transaction of $137,520.00. Following the completion of the sale, the director owned 202,126 shares in the company, valued at approximately $2,316,363.96. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Superior Group of Companies Trading Down 1.0%

Shares of Superior Group of Companies stock traded down $0.12 during trading on Friday, hitting $12.06. The stock had a trading volume of 95,435 shares, compared to its average volume of 44,459. The stock has a 50 day simple moving average of $10.70 and a 200 day simple moving average of $11.35. The company has a market capitalization of $192.57 million, a PE ratio of 23.65, a P/E/G ratio of 2.71 and a beta of 1.45. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49. Superior Group of Companies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.48.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $144.05 million for the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. On average, research analysts expect that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 4.6%. Superior Group of Companies's payout ratio is presently 109.80%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barrington Research dropped their target price on shares of 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. Wall Street Zen upgraded shares of Superior Group of Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Noble Financial assumed coverage on shares of Superior Group of Companies in a research report on Thursday, May 29th. They issued an "outperform" rating and a $16.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cloud Capital Management LLC bought a new stake in Superior Group of Companies in the first quarter worth approximately $32,000. Hennion & Walsh Asset Management Inc. bought a new stake in Superior Group of Companies in the first quarter worth approximately $117,000. Kapitalo Investimentos Ltda bought a new stake in Superior Group of Companies in the second quarter worth approximately $122,000. Ancora Advisors LLC bought a new stake in Superior Group of Companies in the first quarter worth approximately $133,000. Finally, Bank of America Corp DE grew its position in Superior Group of Companies by 20.5% in the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker's stock worth $152,000 after acquiring an additional 2,511 shares in the last quarter. 33.75% of the stock is owned by hedge funds and other 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: 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.