Renaissance Technologies LLC Buys 50,800 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Renaissance Technologies LLC increased its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 186.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 78,000 shares of the textile maker's stock after purchasing an additional 50,800 shares during the period. Renaissance Technologies LLC owned approximately 0.47% of Superior Group of Companies worth $1,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SGC. Dimensional Fund Advisors LP grew its stake in Superior Group of Companies by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 878,889 shares of the textile maker's stock worth $16,620,000 after buying an additional 13,690 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Superior Group of Companies in the 2nd quarter worth approximately $638,000. American Century Companies Inc. increased its position in shares of Superior Group of Companies by 81.0% in the second quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker's stock valued at $4,354,000 after buying an additional 103,051 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Superior Group of Companies by 253.1% during the 2nd quarter. Acadian Asset Management LLC now owns 69,063 shares of the textile maker's stock valued at $1,303,000 after acquiring an additional 49,506 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Superior Group of Companies by 2,824.1% in the 2nd quarter. Rhumbline Advisers now owns 17,252 shares of the textile maker's stock valued at $326,000 after buying an additional 16,662 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.

Insider Buying and Selling

In other Superior Group of Companies news, insider Jake Himelstein bought 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the insider now owns 40,825 shares of the company's stock, valued at $530,725. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jake Himelstein bought 2,000 shares of Superior Group of Companies stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the insider now owns 40,825 shares of the company's stock, valued at approximately $530,725. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Loreen M. Spencer purchased 3,500 shares of the stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the acquisition, the director now owns 7,266 shares in the company, valued at approximately $95,911.20. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 15,500 shares of company stock worth $206,700. Insiders own 27.10% of the company's stock.

Superior Group of Companies Trading Up 0.8 %

Superior Group of Companies stock traded up $0.12 during midday trading on Friday, hitting $15.08. 32,093 shares of the stock were exchanged, compared to its average volume of 92,549. Superior Group of Companies, Inc. has a 52 week low of $7.40 and a 52 week high of $21.80. The stock has a market capitalization of $252.89 million, a PE ratio of 20.66, a P/E/G ratio of 2.06 and a beta of 1.41. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $14.89 and a two-hundred day simple moving average of $17.26.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The firm had revenue of $131.74 million during the quarter, compared to the consensus estimate of $136.60 million. Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. During the same quarter last year, the firm earned $0.08 earnings per share. Equities research analysts anticipate that Superior Group of Companies, Inc. will post 0.74 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Saturday, August 17th were paid a $0.14 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.56 annualized dividend and a dividend yield of 3.71%. Superior Group of Companies's dividend payout ratio is presently 76.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SGC. DA Davidson restated a "buy" rating and set a $24.00 target price on shares of Superior Group of Companies in a report on Monday, June 24th. StockNews.com lowered shares of Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 8th. Finally, Barrington Research lowered their price objective on Superior Group of Companies from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, August 21st.

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.