Aegis Financial Corp Boosts Stake in Superior Group of Companies, Inc. (NASDAQ:SGC)

Aegis Financial Corp raised its position in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,036 shares of the textile maker's stock after buying an additional 40,749 shares during the period. Superior Group of Companies accounts for 3.4% of Aegis Financial Corp's investment portfolio, making the stock its 11th biggest holding. Aegis Financial Corp owned 2.55% of Superior Group of Companies worth $5,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SGC. Bank of New York Mellon Corp increased its stake in Superior Group of Companies by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 129,454 shares of the textile maker's stock valued at $1,007,000 after buying an additional 1,583 shares during the last quarter. Barclays PLC purchased a new stake in shares of Superior Group of Companies during the 3rd quarter worth approximately $32,000. EMC Capital Management increased its stake in shares of Superior Group of Companies by 1,040.2% during the 3rd quarter. EMC Capital Management now owns 22,803 shares of the textile maker's stock worth $177,000 after purchasing an additional 20,803 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Superior Group of Companies by 78.1% during the 3rd quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker's stock worth $125,000 after purchasing an additional 7,111 shares during the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of Superior Group of Companies by 67.6% during the 3rd quarter. Quadrature Capital Ltd now owns 18,364 shares of the textile maker's stock worth $141,000 after purchasing an additional 7,408 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.

Analyst Ratings Changes

SGC has been the subject of a number of recent research reports. StockNews.com upgraded shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 20th. Singular Research reiterated a "buy" rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th. Finally, Barrington Research lifted their price objective on shares of Superior Group of Companies from $18.00 to $22.00 and gave the company an "outperform" rating in a research note on Friday.

Insiders Place Their Bets

In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $15.64, for a total transaction of $140,760.00. Following the transaction, the insider now directly owns 82,436 shares in the company, valued at approximately $1,289,299.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Superior Group of Companies news, Director Paul V. Mellini sold 6,000 shares of Superior Group of Companies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.66, for a total transaction of $93,960.00. Following the completion of the sale, the director now directly owns 92,955 shares in the company, valued at approximately $1,455,675.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Philip Koosed sold 9,000 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $15.64, for a total transaction of $140,760.00. Following the completion of the transaction, the insider now owns 82,436 shares of the company's stock, valued at $1,289,299.04. The disclosure for this sale can be found here. 27.10% of the stock is owned by company insiders.

Superior Group of Companies Stock Performance

SGC stock traded down $0.88 during midday trading on Friday, reaching $19.03. 113,504 shares of the company's stock traded hands, compared to its average volume of 59,228. Superior Group of Companies, Inc. has a 52-week low of $7.36 and a 52-week high of $20.29. The stock has a market cap of $318.75 million, a P/E ratio of 26.07, a PEG ratio of 2.50 and a beta of 1.40. The company has a current ratio of 3.03, a quick ratio of 1.80 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average is $16.36 and its 200 day moving average is $14.00.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%. The firm had revenue of $147.24 million for the quarter, compared to analysts' expectations of $142.59 million. As a group, analysts anticipate that Superior Group of Companies, Inc. will post 0.76 EPS for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, May 17th. Superior Group of Companies's payout ratio is 76.71%.

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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