Deutsche Bank AG Trims Position in Superior Group of Companies Inc (SGC)

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Deutsche Bank AG lessened its holdings in Superior Group of Companies Inc (NASDAQ:SGC) by 21.9% during the 4th quarter, Holdings Channel reports. The firm owned 34,056 shares of the textile maker’s stock after selling 9,548 shares during the period. Deutsche Bank AG’s holdings in Superior Group of Companies were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SGC. BlackRock Inc. increased its position in Superior Group of Companies by 1.5% in the third quarter. BlackRock Inc. now owns 540,682 shares of the textile maker’s stock worth $10,283,000 after purchasing an additional 8,225 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Superior Group of Companies in the fourth quarter worth $44,000. Rhumbline Advisers bought a new stake in Superior Group of Companies in the fourth quarter worth $216,000. Ramsey Quantitative Systems increased its position in Superior Group of Companies by 36.9% in the fourth quarter. Ramsey Quantitative Systems now owns 26,372 shares of the textile maker’s stock worth $465,000 after purchasing an additional 7,107 shares during the last quarter. Finally, Opus Capital Group LLC increased its position in Superior Group of Companies by 2.4% in the fourth quarter. Opus Capital Group LLC now owns 88,357 shares of the textile maker’s stock worth $1,559,000 after purchasing an additional 2,032 shares during the last quarter. Institutional investors own 35.65% of the company’s stock.

SGC stock opened at $16.71 on Monday. The company has a current ratio of 3.46, a quick ratio of 2.30 and a debt-to-equity ratio of 0.67. Superior Group of Companies Inc has a twelve month low of $15.01 and a twelve month high of $25.12. The firm has a market cap of $256.40 million, a price-to-earnings ratio of 14.16, a PEG ratio of 1.18 and a beta of -0.22.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.08). Superior Group of Companies had a net margin of 4.70% and a return on equity of 12.12%. The firm had revenue of $86.55 million for the quarter, compared to the consensus estimate of $92.07 million. As a group, analysts anticipate that Superior Group of Companies Inc will post 1.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, May 14th. Superior Group of Companies’s dividend payout ratio (DPR) is 33.90%.

Several equities research analysts recently weighed in on SGC shares. Zacks Investment Research upgraded shares of Superior Group of Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine upgraded shares of Superior Group of Companies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 16th. Barrington Research restated a “buy” rating on shares of Superior Group of Companies in a research report on Wednesday, April 24th. Finally, BidaskClub cut shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. Superior Group of Companies presently has an average rating of “Hold” and an average price target of $23.00.

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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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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Institutional Ownership by Quarter for Superior Group of Companies (NASDAQ:SGC)

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