Wealthstar Advisors LLC Makes New $554,000 Investment in Suburban Propane Partners, L.P. (NYSE:SPH)

Wealthstar Advisors LLC purchased a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,233 shares of the energy company's stock, valued at approximately $554,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPH. Simplicity Wealth LLC boosted its stake in Suburban Propane Partners by 4.2% in the 3rd quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company's stock worth $412,000 after purchasing an additional 936 shares in the last quarter. Greenup Street Wealth Management LLC raised its holdings in shares of Suburban Propane Partners by 8.1% in the third quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company's stock worth $402,000 after buying an additional 1,675 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Suburban Propane Partners by 3.8% during the third quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company's stock worth $898,000 after buying an additional 1,818 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company's stock valued at $197,000 after buying an additional 800 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Suburban Propane Partners in the 3rd quarter valued at $270,000. Hedge funds and other institutional investors own 30.94% of the company's stock.

Insider Activity at Suburban Propane Partners

In other news, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the sale, the vice president now directly owns 76,176 shares of the company's stock, valued at $1,439,726.40. This represents a 7.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael A. Schueler sold 7,746 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the sale, the vice president now owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,046 shares of company stock worth $334,590 over the last three months. Company insiders own 1.30% of the company's stock.

Suburban Propane Partners Stock Performance

SPH traded up $0.28 on Thursday, reaching $21.49. 114,091 shares of the stock were exchanged, compared to its average volume of 323,403. The company's 50-day moving average price is $18.99 and its 200 day moving average price is $18.42. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33. The firm has a market capitalization of $1.39 billion, a PE ratio of 20.27 and a beta of 0.51. Suburban Propane Partners, L.P. has a fifty-two week low of $15.20 and a fifty-two week high of $21.89.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its earnings results on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same period in the previous year, the business posted $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 annualized dividend and a dividend yield of 6.05%. Suburban Propane Partners's dividend payout ratio (DPR) is presently 122.64%.

Suburban Propane Partners Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.