Star Group, L.P. (NYSE:SGU - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.28 and traded as high as $12.31. Star Group shares last traded at $12.31, with a volume of 13,876 shares changing 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's fifty day moving average price is $11.72 and its 200-day moving average price is $11.28. The firm has a market cap of $432.57 million, a PE ratio of 12.24 and a beta of 0.42.
Star Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.69 annualized dividend and a dividend yield of 5.53%. Star Group's dividend payout ratio (DPR) is currently 67.65%.
Hedge Funds Weigh In On Star Group
A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Star Group by 0.3% in the second 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. Blackstone Inc. boosted its stake in Star Group by 36.5% during the 1st quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company's stock valued at $1,169,000 after purchasing an additional 31,200 shares during the period. Victory Capital Management Inc. bought a new position in shares of Star Group in the third quarter worth $566,000. GSA Capital Partners LLP lifted its holdings in shares of Star Group by 89.4% in the third quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company's stock valued at $269,000 after buying an additional 10,799 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Star Group during the 2nd quarter worth $232,000. Hedge funds and other institutional investors own 40.36% of the company's stock.
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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