Bailard Inc. Sells 2,700 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Bailard Inc. trimmed its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,168 shares of the textile maker’s stock after selling 2,700 shares during the period. Bailard Inc. owned 0.11% of Superior Group of Companies worth $284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. US Bancorp DE increased its position in shares of 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 worth $45,000 after purchasing an additional 1,729 shares in the last quarter. MetLife Investment Management LLC grew its stake in 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 buying an additional 4,303 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Superior Group of Companies during the 3rd quarter valued at about $154,000. HighTower Advisors LLC purchased a new stake in Superior Group of Companies in the third quarter valued at about $167,000. Finally, Mason & Associates Inc acquired a new stake in Superior Group of Companies in the fourth quarter worth about $181,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SGC. Barrington Research upped their price objective on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, November 11th. 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.

Superior Group of Companies Trading Up 0.2 %

Shares of NASDAQ:SGC opened at $13.59 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. Superior Group of Companies, Inc. has a 52-week low of $11.66 and a 52-week high of $21.80. The stock has a market cap of $222.07 million, a price-to-earnings ratio of 16.37, a PEG ratio of 1.52 and a beta of 1.44. The business has a 50-day moving average price of $15.27 and a 200-day moving average price of $15.43.

Superior Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, February 18th. Superior Group of Companies’s payout ratio is 67.47%.

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.