Superior Group of Companies Inc (NASDAQ:SGC) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 19,300 shares, a drop of 11.5% from the December 15th total of 21,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 25,400 shares, the days-to-cover ratio is currently 0.8 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Yorktown Management & Research Co Inc bought a new position in Superior Group of Companies in the 3rd quarter worth $211,000. Connors Investor Services Inc. raised its holdings in Superior Group of Companies by 9.8% in the 3rd quarter. Connors Investor Services Inc. now owns 13,447 shares of the textile maker’s stock worth $217,000 after acquiring an additional 1,200 shares during the period. Rhumbline Advisers raised its holdings in Superior Group of Companies by 6.8% in the 3rd quarter. Rhumbline Advisers now owns 15,157 shares of the textile maker’s stock worth $244,000 after acquiring an additional 968 shares during the period. Wedbush Securities Inc. bought a new position in Superior Group of Companies in the 3rd quarter worth $238,000. Finally, North Star Investment Management Corp. raised its holdings in Superior Group of Companies by 8.1% in the 3rd quarter. North Star Investment Management Corp. now owns 156,607 shares of the textile maker’s stock worth $2,525,000 after acquiring an additional 11,797 shares during the period. Hedge funds and other institutional investors own 37.48% of the company’s stock.

SGC has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. ValuEngine upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd.

Shares of Superior Group of Companies stock traded up $0.05 during midday trading on Tuesday, reaching $14.03. 22,275 shares of the company’s stock traded hands, compared to its average volume of 18,397. The company has a market cap of $210.23 million, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.07 and a beta of 0.02. The company’s 50 day simple moving average is $13.41 and its 200 day simple moving average is $14.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.15 and a current ratio of 3.19. Superior Group of Companies has a 52 week low of $12.70 and a 52 week high of $18.78.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Wednesday, October 23rd. The textile maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $89.47 million for the quarter, compared to the consensus estimate of $96.66 million. Superior Group of Companies had a net margin of 3.76% and a return on equity of 8.91%. As a group, equities research analysts predict that Superior Group of Companies will post 0.75 earnings per share for the current year.

Superior Group of Companies Company Profile

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 personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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