Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 36.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,888 shares of the textile maker's stock after acquiring an additional 49,156 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.12% of Superior Group of Companies worth $3,023,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Superior Group of Companies in the 3rd quarter valued at $154,000. HighTower Advisors LLC purchased a new stake in Superior Group of Companies in the third quarter valued at $167,000. Mason & Associates Inc acquired a new position in Superior Group of Companies in the fourth quarter valued at $181,000. EMC Capital Management grew its holdings in shares of Superior Group of Companies by 59.5% during 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Superior Group of Companies during the fourth quarter worth about $249,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Superior Group of Companies Price Performance

Shares of SGC traded up $0.06 during mid-day trading on Tuesday, hitting $10.39. The company's stock had a trading volume of 2,096 shares, compared to its average volume of 83,596. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. Superior Group of Companies, Inc. has a 1-year low of $9.11 and a 1-year high of $21.80. The firm has a market capitalization of $171.12 million, a P/E ratio of 12.51, a P/E/G ratio of 1.52 and a beta of 1.52. The firm has a 50-day simple moving average of $12.47 and a 200 day simple moving average of $14.71.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its earnings results on Tuesday, March 11th. The textile maker reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The business had revenue of $145.41 million during the quarter, compared to analyst estimates of $146.54 million. Analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.56 annualized dividend and a yield of 5.39%. Superior Group of Companies's payout ratio is currently 75.68%.

Analyst Ratings Changes

A number of brokerages have weighed in on SGC. DA Davidson reduced their price objective on Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Barrington Research decreased their price target on shares of Superior Group of Companies from $21.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Finally, StockNews.com raised shares of Superior Group of Companies from a "hold" rating to a "buy" rating in a research report on Friday.

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.