Star Group, L.P. (NYSE:SGU - Get Free Report) passed 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 market cap of $426.66 million, a price-to-earnings ratio of 12.07 and a beta of 0.42. The company's 50 day moving average price is $11.72 and its 200-day moving average price is $11.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.74.
Star Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Monday, October 28th. Star Group's dividend payout ratio (DPR) is currently 67.65%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of SGU. American Century Companies Inc. acquired a new stake in shares of Star Group during the 2nd quarter valued at $124,000. Cove Street Capital LLC raised its holdings in shares of Star Group by 15.6% during the second quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company's stock worth $197,000 after acquiring an additional 2,500 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Star Group in the second quarter valued at about $232,000. GSA Capital Partners LLP grew its stake in 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 purchasing an additional 10,799 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Star Group in the 3rd quarter worth about $566,000. Hedge funds and other institutional investors own 40.36% of the company's stock.
About Star Group
(
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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