Star Group, L.P. (NYSE:SGU - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.20 and traded as high as $11.22. Star Group shares last traded at $10.91, with a volume of 46,832 shares traded.
Star Group Price Performance
The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.74. The company has a 50-day moving average of $11.63 and a 200-day moving average of $11.21. The stock has a market capitalization of $405.19 million, a price-to-earnings ratio of 11.45 and a beta of 0.42.
Star Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Monday, October 28th will be given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date is Monday, October 28th. Star Group's dividend payout ratio is presently 67.65%.
Institutional Investors Weigh In On Star Group
Several hedge funds have recently modified their holdings of SGU. Blackstone Inc. lifted its stake in shares of Star Group by 36.5% during the 1st quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company's stock worth $1,169,000 after purchasing an additional 31,200 shares during the period. Cove Street Capital LLC boosted its stake in Star Group by 15.6% in the 2nd quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company's stock worth $197,000 after buying an additional 2,500 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Star Group in the 2nd quarter valued at $232,000. American Century Companies Inc. purchased a new stake in shares of Star Group during the 2nd quarter valued at $124,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Star Group by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company's stock worth $10,623,000 after buying an additional 2,800 shares during the last quarter. 40.36% of the stock is owned by institutional investors and hedge funds.
Star Group Company Profile
(
Get Free Report)
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.
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