Star Group, L.P. (NYSE:SGU - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.24 and traded as high as $12.34. Star Group shares last traded at $11.75, with a volume of 23,246 shares trading hands.
Star Group Price Performance
The company has a debt-to-equity ratio of 0.37, a current ratio of 0.74 and a quick ratio of 0.61. The stock has a market capitalization of $405.87 million, a price-to-earnings ratio of 11.75 and a beta of 0.42. The stock's 50 day simple moving average is $11.68 and its 200-day simple moving average is $11.25.
Star Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 28th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Monday, October 28th. Star Group's dividend payout ratio (DPR) is presently 67.65%.
Institutional Trading of Star Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new stake in shares of Star Group in the third quarter worth $566,000. GSA Capital Partners LLP raised its stake 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 last quarter. Renaissance Technologies LLC boosted its holdings in Star Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company's stock valued at $10,623,000 after purchasing an additional 2,800 shares during the period. American Century Companies Inc. bought a new stake in Star Group in the 2nd quarter valued at $124,000. Finally, Acadian Asset Management LLC acquired a new stake in Star Group in the 2nd quarter worth $232,000. 40.36% of the stock is currently 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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