Superior Group of Companies (NASDAQ:SGC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Other equities analysts also recently issued reports about the stock. Barrington Research restated a “buy” rating and set a $28.00 target price on shares of Superior Group of Companies in a report on Monday, July 30th. Zacks Investment Research upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th.
NASDAQ SGC opened at $19.36 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.11 and a current ratio of 4.76. Superior Group of Companies has a 12-month low of $18.00 and a 12-month high of $28.85. The company has a market capitalization of $303.48 million, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.22 and a beta of -0.37.
In other Superior Group of Companies news, insider Philip Koosed sold 4,312 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $20.30, for a total value of $87,533.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 33.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new stake in shares of Superior Group of Companies in the first quarter valued at about $114,000. Millennium Management LLC boosted its position in shares of Superior Group of Companies by 157.4% in the first quarter. Millennium Management LLC now owns 27,008 shares of the textile maker’s stock valued at $710,000 after acquiring an additional 16,517 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Superior Group of Companies in the second quarter valued at about $112,000. Ramsey Quantitative Systems boosted its position in shares of Superior Group of Companies by 100.0% in the second quarter. Ramsey Quantitative Systems now owns 8,334 shares of the textile maker’s stock valued at $173,000 after acquiring an additional 4,167 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Superior Group of Companies by 14.3% in the second quarter. BlackRock Inc. now owns 532,457 shares of the textile maker’s stock valued at $11,027,000 after acquiring an additional 66,787 shares during the period. Hedge funds and other institutional investors own 35.80% of the company’s stock.
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.
Further Reading: Short Selling
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