Wasatch Advisors Inc. cut its stake in Superior Uniform Group Inc (NASDAQ:SGC) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,807 shares of the textile maker’s stock after selling 15,998 shares during the quarter. Wasatch Advisors Inc. owned approximately 3.13% of Superior Uniform Group worth $12,442,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SGC. New York State Common Retirement Fund boosted its stake in shares of Superior Uniform Group by 50.0% in the 2nd quarter. New York State Common Retirement Fund now owns 10,200 shares of the textile maker’s stock valued at $228,000 after purchasing an additional 3,399 shares in the last quarter. Teachers Advisors LLC boosted its position in Superior Uniform Group by 7.0% during the 2nd quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock worth $315,000 after buying an additional 920 shares during the period. TIAA CREF Investment Management LLC boosted its position in Superior Uniform Group by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 21,539 shares of the textile maker’s stock worth $481,000 after buying an additional 316 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Superior Uniform Group by 70.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 21,727 shares of the textile maker’s stock worth $486,000 after buying an additional 9,000 shares during the period. Finally, State Street Corp boosted its position in Superior Uniform Group by 11.4% during the 2nd quarter. State Street Corp now owns 113,255 shares of the textile maker’s stock worth $2,531,000 after buying an additional 11,632 shares during the period. Hedge funds and other institutional investors own 37.69% of the company’s stock.
Superior Uniform Group Inc (NASDAQ:SGC) traded up $0.43 during midday trading on Friday, reaching $24.00. 11,029 shares of the company traded hands, compared to its average volume of 19,233. Superior Uniform Group Inc has a twelve month low of $16.65 and a twelve month high of $28.85. The company has a current ratio of 4.00, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a market cap of $357.89, a P/E ratio of 20.34, a P/E/G ratio of 1.38 and a beta of -0.15.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, February 13th. Superior Uniform Group’s dividend payout ratio is 32.20%.
Separately, BidaskClub lowered shares of Superior Uniform Group from a “buy” rating to a “hold” rating in a report on Friday, January 26th.
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Superior Uniform Group Profile
Superior Uniform Group, Inc (Superior) manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. Superior operates through two segments: Uniforms and Related Products, and Remote Staffing Solutions.
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