First Wilshire Securities Management Inc. Has $2.39 Million Stock Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

First Wilshire Securities Management Inc. trimmed its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 144,638 shares of the textile maker’s stock after selling 3,743 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Superior Group of Companies were worth $2,391,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in Superior Group of Companies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 4,303 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Superior Group of Companies during the 3rd quarter valued at $154,000. HighTower Advisors LLC acquired a new stake in shares of Superior Group of Companies in the 3rd quarter valued at $167,000. Mason & Associates Inc acquired a new stake in shares of Superior Group of Companies in the 4th quarter valued at $181,000. Finally, EMC Capital Management boosted its holdings in Superior Group of Companies by 59.5% in the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock worth $195,000 after purchasing an additional 4,405 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analyst Ratings Changes

SGC has been the topic of several recent research reports. StockNews.com lowered Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. DA Davidson lowered 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 reduced their target price on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, March 13th.

Superior Group of Companies Stock Performance

NASDAQ:SGC opened at $10.88 on Wednesday. The firm has a market capitalization of $179.28 million, a PE ratio of 13.11, a PEG ratio of 1.52 and a beta of 1.55. Superior Group of Companies, Inc. has a 1 year low of $10.60 and a 1 year high of $21.80. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $13.61 and its 200 day simple moving average is $15.09.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). The firm had revenue of $145.41 million for the quarter, compared to the consensus estimate of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. On average, sell-side 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio (DPR) is currently 75.68%.

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.