Roxbury Financial LLC Invests $122,000 in Star Group, L.P. (NYSE:SGU)

Roxbury Financial LLC bought a new stake in shares of Star Group, L.P. (NYSE:SGU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,599 shares of the pipeline company’s stock, valued at approximately $122,000.

Other large investors have also recently modified their holdings of the company. Crews Bank & Trust bought a new stake in Star Group in the fourth quarter valued at $25,000. GSA Capital Partners LLP raised 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 worth $269,000 after buying an additional 10,799 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Star Group in the third quarter worth about $566,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Star Group by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock worth $7,309,000 after acquiring an additional 66,806 shares during the period. Hedge funds and other institutional investors own 40.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Star Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Star Group Stock Up 1.3 %

NYSE:SGU opened at $13.12 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.83 and a quick ratio of 0.64. The firm’s 50-day moving average price is $11.76 and its 200-day moving average price is $11.71. The company has a market capitalization of $453.52 million, a PE ratio of 12.61 and a beta of 0.48. Star Group, L.P. has a 1-year low of $9.64 and a 1-year high of $13.20.

Star Group (NYSE:SGU) last issued its quarterly earnings results on Wednesday, February 5th. The pipeline company reported $0.79 EPS for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, January 27th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, January 27th. Star Group’s dividend payout ratio is presently 66.35%.

About Star Group

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.