Bailard Inc. Trims Stock Position in Superior Group of Companies, Inc. (NASDAQ:SGC)

Bailard Inc. lessened its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 13.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,168 shares of the textile maker’s stock after selling 2,700 shares during the period. Bailard Inc.’s holdings in Superior Group of Companies were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SGC. US Bancorp DE boosted its holdings in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after buying an additional 1,729 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Superior Group of Companies by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock worth $902,000 after acquiring an additional 1,900 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Superior Group of Companies by 44.2% during the 3rd quarter. GSA Capital Partners LLP now owns 20,098 shares of the textile maker’s stock valued at $311,000 after acquiring an additional 6,158 shares during the period. Empowered Funds LLC increased its stake in shares of Superior Group of Companies by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 81,637 shares of the textile maker’s stock valued at $1,265,000 after purchasing an additional 4,154 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after purchasing an additional 4,303 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC opened at $13.59 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. Superior Group of Companies, Inc. has a 1 year low of $11.66 and a 1 year high of $21.80. The firm has a market capitalization of $222.07 million, a PE ratio of 16.37, a P/E/G ratio of 1.52 and a beta of 1.44. The business’s 50 day moving average price is $15.27 and its 200-day moving average price is $15.43.

Superior Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Tuesday, February 18th. Superior Group of Companies’s payout ratio is 67.47%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SGC shares. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Barrington Research lifted their target price 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.

About Superior Group of Companies

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.