Star Group, L.P. (NYSE:SGU) Sees Significant Decrease in Short Interest

Star Group, L.P. (NYSE:SGU - Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 61,200 shares, a decrease of 23.9% from the February 13th total of 80,400 shares. Approximately 0.2% of the company's stock are short sold. Based on an average trading volume of 31,100 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Star Group from a "buy" rating to a "strong-buy" rating in a report on Friday, February 7th.

Star Group Stock Down 0.8 %

NYSE SGU traded down $0.10 on Tuesday, hitting $13.30. 29,076 shares of the stock traded hands, compared to its average volume of 40,080. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $12.42 and a 200 day moving average of $11.99. Star Group has a twelve month low of $9.64 and a twelve month high of $13.75. The company has a market capitalization of $459.64 million, a P/E ratio of 12.79 and a beta of 0.46.

Star Group (NYSE:SGU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

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Star Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were paid a $0.1725 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.69 dividend on an annualized basis and a yield of 5.19%. Star Group's payout ratio is currently 66.35%.

Institutional Trading of Star Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its position in Star Group by 89.4% during the 3rd quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company's stock valued at $269,000 after purchasing an additional 10,799 shares during the period. Victory Capital Management Inc. bought a new position in shares of Star Group during the third quarter worth about $566,000. JPMorgan Chase & Co. increased its holdings in shares of Star Group by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company's stock worth $7,309,000 after acquiring an additional 66,806 shares during the period. Crews Bank & Trust bought a new stake in Star Group in the 4th quarter valued at about $25,000. Finally, Roxbury Financial LLC acquired a new position in Star Group during the 4th quarter valued at about $122,000. 40.36% of the stock is currently owned by institutional investors and hedge funds.

About Star Group

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.