Jacobs Levy Equity Management Inc. Reduces Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

Jacobs Levy Equity Management Inc. lowered its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,409 shares of the textile maker's stock after selling 29,469 shares during the period. Jacobs Levy Equity Management Inc. owned 0.99% of Superior Group of Companies worth $2,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Wealth bought a new position in shares of Superior Group of Companies in the fourth quarter worth approximately $235,000. Deutsche Bank AG increased its holdings in shares of Superior Group of Companies by 57.8% in the 4th quarter. Deutsche Bank AG now owns 18,112 shares of the textile maker's stock worth $299,000 after buying an additional 6,635 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Superior Group of Companies by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 167,456 shares of the textile maker's stock worth $2,768,000 after buying an additional 4,128 shares during the last quarter. Bank of America Corp DE raised its position in shares of Superior Group of Companies by 17.9% during the 4th quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock valued at $213,000 after buying an additional 1,960 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Superior Group of Companies by 344.4% during the 4th quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker's stock worth $204,000 after acquiring an additional 9,563 shares during the last quarter. Institutional investors own 33.75% of the company's stock.

Analyst Upgrades and Downgrades

SGC has been the topic of a number of research reports. StockNews.com downgraded Superior Group of Companies from a "buy" rating to a "hold" rating in a research report on Saturday, April 19th. DA Davidson decreased their price objective 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. Finally, Barrington Research dropped their target price on Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th.

Superior Group of Companies Trading Down 2.3%

SGC traded down $0.24 during trading on Monday, hitting $10.01. 35,487 shares of the stock traded hands, compared to its average volume of 81,900. The firm has a market capitalization of $159.99 million, a P/E ratio of 12.06, 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 debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The firm has a 50-day moving average of $10.50 and a 200 day moving average of $13.90.

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

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.59%. Superior Group of Companies's dividend payout ratio is currently 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.