Superior Group of Companies, Inc. (NASDAQ:SGC) CEO Purchases $128,462.46 in Stock

Superior Group of Companies, Inc. (NASDAQ:SGCGet Rating) CEO Michael Benstock acquired 8,358 shares of the stock in a transaction dated Monday, May 9th. The stock was bought at an average cost of $15.37 per share, with a total value of $128,462.46. Following the completion of the purchase, the chief executive officer now directly owns 685,267 shares in the company, valued at $10,532,553.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael Benstock also recently made the following trade(s):

  • On Wednesday, May 11th, Michael Benstock acquired 2,146 shares of Superior Group of Companies stock. The stock was bought at an average cost of $15.13 per share, with a total value of $32,468.98.

Shares of NASDAQ SGC opened at $16.18 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.73 and a current ratio of 2.95. The business’s 50 day moving average price is $17.24 and its 200-day moving average price is $20.37. Superior Group of Companies, Inc. has a fifty-two week low of $14.57 and a fifty-two week high of $27.25. The company has a market cap of $261.65 million, a price-to-earnings ratio of 11.90 and a beta of 0.91.

Superior Group of Companies (NASDAQ:SGCGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The textile maker reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.06). Superior Group of Companies had a return on equity of 13.01% and a net margin of 4.07%. During the same period in the previous year, the company earned $0.66 earnings per share. Sell-side analysts predict that Superior Group of Companies, Inc. will post 1.71 earnings per share for the current year.

Several equities research analysts have recently issued reports on SGC shares. StockNews.com started coverage on Superior Group of Companies in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Barrington Research lowered their price objective on Superior Group of Companies from $33.00 to $31.00 in a research note on Monday, May 9th. TheStreet lowered Superior Group of Companies from a “b” rating to a “c+” rating in a research note on Thursday, March 10th. Finally, Zacks Investment Research lowered Superior Group of Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 5th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. increased its holdings in shares of Superior Group of Companies by 147.5% in the 3rd quarter. Citigroup Inc. now owns 1,354 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 807 shares during the period. High Net Worth Advisory Group LLC increased its holdings in shares of Superior Group of Companies by 322.2% in the 1st quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 1,450 shares during the period. Denali Advisors LLC purchased a new position in shares of Superior Group of Companies in the 4th quarter valued at $42,000. BNP Paribas Arbitrage SA boosted its position in shares of Superior Group of Companies by 61.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,988 shares of the textile maker’s stock worth $70,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY acquired a new stake in shares of Superior Group of Companies in the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 40.78% of the company’s stock.

About Superior Group of Companies (Get Rating)

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 healthcare facilities; hotels; food and other restaurants; retail stores; special purpose industrial facilities; commercial markets; transportation; public and private safety and security organizations; and miscellaneous service uses.

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