Star Group, L.P. (NYSE:SGU) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 8,300 shares, a decrease of 55.4% from the September 15th total of 18,600 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 62,700 shares, the short-interest ratio is presently 0.1 days.
A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its stake in Star Group by 3.2% in the second quarter. Sei Investments Co. now owns 30,037 shares of the pipeline company’s stock worth $326,000 after buying an additional 936 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Star Group in the second quarter worth about $29,000. Prudential Financial Inc. raised its stake in Star Group by 18.3% in the second quarter. Prudential Financial Inc. now owns 16,800 shares of the pipeline company’s stock worth $188,000 after buying an additional 2,600 shares in the last quarter. BlackRock Inc. increased its stake in shares of Star Group by 3.2% during the first quarter. BlackRock Inc. now owns 113,865 shares of the pipeline company’s stock valued at $1,207,000 after purchasing an additional 3,487 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Star Group by 236.4% during the first quarter. JPMorgan Chase & Co. now owns 5,682 shares of the pipeline company’s stock valued at $60,000 after purchasing an additional 3,993 shares in the last quarter. 35.31% of the stock is owned by institutional investors.
Shares of NYSE:SGU traded up $0.03 during midday trading on Thursday, hitting $10.59. 1,765 shares of the stock traded hands, compared to its average volume of 67,783. The stock has a market capitalization of $419.43 million, a PE ratio of 7.27 and a beta of 0.40. The business’s 50 day moving average is $10.43 and its two-hundred day moving average is $10.83. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.32. Star Group has a one year low of $9.07 and a one year high of $12.03.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 3rd. Investors of record on Monday, July 26th were paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date was Friday, July 23rd.
Star Group Company Profile
Star Group LP engages in the provision of home heating and air conditioning products and services to residential and commercial customers. It also sells diesel, gasoline, and home heating oil on a delivery only basis. The company was founded on October 16, 1995 and is headquartered in Stamford, CT.
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