Victory Capital Management Inc. bought a new position in Star Group, L.P. (NYSE:SGU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 48,224 shares of the pipeline company's stock, valued at approximately $566,000. Victory Capital Management Inc. owned approximately 0.14% of Star Group as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. American Century Companies Inc. bought a new position in shares of Star Group in the 2nd quarter valued at approximately $124,000. Cove Street Capital LLC grew its holdings in Star Group by 15.6% during the second quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company's stock valued at $197,000 after purchasing an additional 2,500 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Star Group in the second quarter valued at approximately $232,000. GSA Capital Partners LLP lifted its stake 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 worth $269,000 after buying an additional 10,799 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Star Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company's stock worth $10,623,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 40.36% of the company's stock.
Star Group Stock Performance
NYSE:SGU traded up $0.04 during midday trading on Friday, reaching $12.66. The stock had a trading volume of 5,616 shares, compared to its average volume of 41,655. The stock has a market capitalization of $438.80 million, a P/E ratio of 12.41 and a beta of 0.42. Star Group, L.P. has a 1-year low of $9.64 and a 1-year high of $14.76. 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 firm's fifty day simple moving average is $11.78 and its 200-day simple moving average is $11.33.
Star Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were paid a $0.1725 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.45%. Star Group's payout ratio is presently 67.65%.
Star Group Company Profile
(
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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