Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.54 and traded as low as $14.76. Superior Group of Companies shares last traded at $15.03, with a volume of 44,605 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Barrington Research raised their price objective on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Superior Group of Companies Price Performance

The firm has a market cap of $242.65 million, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The company’s fifty day moving average is $15.79 and its two-hundred day moving average is $15.50.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 67.47%.

Hedge Funds Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of Superior Group of Companies by 87.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after acquiring an additional 89,096 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Superior Group of Companies by 45.9% during the 4th quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker’s stock worth $2,951,000 after purchasing an additional 56,199 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of Superior Group of Companies by 16.1% in the 3rd quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock valued at $6,038,000 after purchasing an additional 54,000 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Superior Group of Companies by 51.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock valued at $2,612,000 after buying an additional 53,492 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Superior Group of Companies by 36.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker’s stock worth $3,023,000 after buying an additional 49,156 shares in the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

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.