Public Employees Retirement System of Ohio acquired a new stake in Superior Group of Companies Inc (NASDAQ:SGC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 65,950 shares of the textile maker’s stock, valued at approximately $1,366,000. Public Employees Retirement System of Ohio owned approximately 0.43% of Superior Group of Companies at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SGC. MetLife Investment Advisors LLC acquired a new position in Superior Group of Companies during the 1st quarter worth approximately $114,000. Millennium Management LLC lifted its position in Superior Group of Companies by 157.4% during the 1st quarter. Millennium Management LLC now owns 27,008 shares of the textile maker’s stock worth $710,000 after acquiring an additional 16,517 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Superior Group of Companies during the 2nd quarter worth approximately $112,000. Ramsey Quantitative Systems lifted its position in Superior Group of Companies by 100.0% during the 2nd quarter. Ramsey Quantitative Systems now owns 8,334 shares of the textile maker’s stock worth $173,000 after acquiring an additional 4,167 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Superior Group of Companies by 14.3% during the 2nd quarter. BlackRock Inc. now owns 532,457 shares of the textile maker’s stock worth $11,027,000 after acquiring an additional 66,787 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.
In other Superior Group of Companies news, insider Philip Koosed sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $19.72, for a total value of $295,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 33.20% of the company’s stock.
Several research firms recently commented on SGC. BidaskClub lowered Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. Zacks Investment Research lowered Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Barrington Research reissued a “buy” rating and set a $28.00 price target on shares of Superior Group of Companies in a research report on Monday, July 30th.
Superior Group of Companies stock opened at $18.32 on Friday. Superior Group of Companies Inc has a one year low of $17.65 and a one year high of $28.85. The company has a market cap of $291.23 million, a P/E ratio of 14.86, a P/E/G ratio of 1.17 and a beta of -0.38. The company has a current ratio of 4.76, a quick ratio of 3.11 and a debt-to-equity ratio of 0.84.
Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Thursday, July 26th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Superior Group of Companies had a return on equity of 13.76% and a net margin of 4.44%. The company had revenue of $82.39 million for the quarter, compared to analyst estimates of $86.38 million. Sell-side analysts expect that Superior Group of Companies Inc will post 1.2 EPS for the current year.
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 the personnel of hospitals and health facilities; hotels, commercial buildings, residential buildings, and food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; public and private safety and security organizations; and miscellaneous service uses.
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