Star Group, L.P. (NYSE:SGU - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 68,800 shares, an increase of 26.5% from the March 15th total of 54,400 shares. Based on an average daily volume of 34,300 shares, the short-interest ratio is presently 2.0 days. Approximately 0.2% of the company's stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Crews Bank & Trust purchased a new position in Star Group during the fourth quarter valued at approximately $25,000. State of Tennessee Department of Treasury purchased a new position in shares of Star Group during the 4th quarter valued at $26,000. Jones Financial Companies Lllp bought a new position in Star Group in the 4th quarter worth $27,000. Roxbury Financial LLC purchased a new stake in Star Group in the 4th quarter worth $122,000. Finally, Cary Street Partners Financial LLC bought a new stake in Star Group during the fourth quarter valued at about $144,000. 40.36% of the stock is currently owned by institutional investors.
Star Group Stock Performance
Star Group stock traded up $0.05 during mid-day trading on Thursday, reaching $12.60. 40,825 shares of the stock traded hands, compared to its average volume of 39,678. The stock has a market capitalization of $435.54 million, a PE ratio of 12.12 and a beta of 0.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.83 and a quick ratio of 0.66. The business's 50-day moving average is $13.02 and its 200-day moving average is $12.23. Star Group has a 12-month low of $9.64 and a 12-month high of $13.75.
Star Group (NYSE:SGU - Get Free Report) last announced its earnings results on Wednesday, February 5th. The pipeline company reported $0.79 EPS for the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%.
Star Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 5.87%. The ex-dividend date is Monday, April 28th. This is a positive change from Star Group's previous quarterly dividend of $0.17. Star Group's payout ratio is currently 66.35%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Star Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.
Read Our Latest Stock Analysis on Star Group
Star Group Company Profile
(
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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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