Janney Montgomery Scott LLC Sells 781 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Janney Montgomery Scott LLC lowered its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 57,432 shares of the textile maker’s stock after selling 781 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Superior Group of Companies were worth $949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. US Bancorp DE grew its holdings in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 1,729 shares during the period. MetLife Investment Management LLC grew its stake in shares of Superior Group of Companies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after acquiring an additional 4,303 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Superior Group of Companies in the 3rd quarter worth about $154,000. Algert Global LLC bought a new stake in Superior Group of Companies in the 2nd quarter valued at about $192,000. Finally, HighTower Advisors LLC purchased a new stake in Superior Group of Companies during the third quarter valued at about $167,000. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $14.92 on Thursday. The company’s 50-day moving average price is $16.08 and its 200-day moving average price is $15.74. 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 12-month low of $11.66 and a 12-month high of $21.80. The company has a market cap of $243.79 million, a price-to-earnings ratio of 17.98, a PEG ratio of 1.56 and a beta of 1.44.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The business had revenue of $149.69 million for the quarter, compared to analysts’ expectations of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same period in the prior year, the company posted $0.19 EPS. On average, equities analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Insider Transactions at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the completion of the transaction, the director now owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. The trade was a 5.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SGC shares. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Barrington Research increased their target price on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

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.