Superior Group of Companies Inc (NASDAQ:SGC) Sees Large Decline in Short Interest

Share on StockTwits

Superior Group of Companies Inc (NASDAQ:SGC) was the recipient of a large decline in short interest in November. As of November 29th, there was short interest totalling 24,700 shares, a decline of 15.4% from the November 14th total of 29,200 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 22,300 shares, the short-interest ratio is currently 1.1 days.

Several equities analysts recently commented on SGC shares. ValuEngine raised Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of SGC traded up $0.08 during trading on Friday, reaching $13.25. The company’s stock had a trading volume of 27,067 shares, compared to its average volume of 34,913. The company has a fifty day moving average of $14.24 and a two-hundred day moving average of $15.53. Superior Group of Companies has a twelve month low of $12.78 and a twelve month high of $19.00. The company has a market cap of $202.20 million, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.32 and a beta of -0.02. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.66.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Wednesday, October 23rd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. Superior Group of Companies had a return on equity of 8.91% and a net margin of 3.76%. The company had revenue of $89.47 million for the quarter, compared to analyst estimates of $96.66 million. As a group, equities analysts forecast that Superior Group of Companies will post 0.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Tuesday, November 12th. Superior Group of Companies’s payout ratio is 33.90%.

Several institutional investors and hedge funds have recently made changes to their positions in SGC. HighTower Advisors LLC increased its holdings in shares of Superior Group of Companies by 5.9% in the 2nd quarter. HighTower Advisors LLC now owns 14,451 shares of the textile maker’s stock valued at $248,000 after acquiring an additional 800 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Superior Group of Companies by 6.8% in the 3rd quarter. Rhumbline Advisers now owns 15,157 shares of the textile maker’s stock valued at $244,000 after acquiring an additional 968 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Superior Group of Companies by 2.2% in the 2nd quarter. Bahl & Gaynor Inc. now owns 56,202 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 1,199 shares during the last quarter. Connors Investor Services Inc. increased its holdings in shares of Superior Group of Companies by 9.8% in the 3rd quarter. Connors Investor Services Inc. now owns 13,447 shares of the textile maker’s stock valued at $217,000 after acquiring an additional 1,200 shares during the last quarter. Finally, First Manhattan Co. increased its holdings in shares of Superior Group of Companies by 2.2% in the 2nd quarter. First Manhattan Co. now owns 120,908 shares of the textile maker’s stock valued at $2,071,000 after acquiring an additional 2,643 shares during the last quarter. 37.66% of the stock is currently owned by institutional investors.

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: 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.

Featured Story: What does relative strength index mean?

Receive News & Ratings for Superior Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Comcast Co.  Stake Boosted by 10 15 Associates Inc.
Comcast Co. Stake Boosted by 10 15 Associates Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd


© 2006-2020 Ticker Report