Insider Selling: Superior Group of Companies, Inc. (NASDAQ:SGC) Director Sells 12,000 Shares of 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 the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $11.46, for a total transaction of $137,520.00. Following the completion of the transaction, 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 SEC, which is accessible through the SEC website.

Superior Group of Companies Stock Up 7.0%

NASDAQ:SGC traded up $0.83 during midday trading on Tuesday, reaching $12.72. The company had a trading volume of 40,428 shares, compared to its average volume of 50,056. The firm has a market capitalization of $203.20 million, a price-to-earnings ratio of 24.70, a PEG ratio of 2.49 and a beta of 1.45. The stock's fifty day simple moving average is $10.53 and its 200-day simple moving average is $11.38. Superior Group of Companies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.48. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $144.05 million during the quarter, compared to analyst estimates of $133.32 million. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%. On average, sell-side analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.14 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 4.4%. Superior Group of Companies's dividend payout ratio (DPR) is 109.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Noble Financial assumed coverage on Superior Group of Companies in a research note on Thursday, May 29th. They issued an "outperform" rating and a $16.00 price objective for the company. Wall Street Zen raised Superior Group of Companies from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Barrington Research dropped their price objective on Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new stake in Superior Group of Companies during the 1st quarter worth about $32,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Superior Group of Companies during the 1st quarter worth about $117,000. Kapitalo Investimentos Ltda purchased a new stake in Superior Group of Companies during the 2nd quarter worth about $122,000. Ancora Advisors LLC purchased a new stake in Superior Group of Companies during the 1st quarter worth about $133,000. Finally, Arete Wealth Advisors LLC lifted its holdings in Superior Group of Companies by 18.4% during the 1st quarter. Arete Wealth Advisors LLC now owns 17,636 shares of the textile maker's stock worth $193,000 after buying an additional 2,737 shares during the last quarter. 33.75% of the stock is currently 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.

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