Star Group, L.P. (NYSE:SGU) Short Interest Update

Star Group, L.P. (NYSE:SGU) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 61,200 shares, a decrease of 23.9% from the February 13th total of 80,400 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 31,100 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cary Street Partners Financial LLC acquired a new position in shares of Star Group during the fourth quarter valued at $144,000. MGO One Seven LLC increased its holdings in shares of Star Group by 7.9% during the fourth quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock valued at $198,000 after purchasing an additional 1,255 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Star Group during the fourth quarter valued at $26,000. LPL Financial LLC increased its holdings in shares of Star Group by 7.7% during the fourth quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 1,276 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in shares of Star Group during the fourth quarter valued at $27,000. 40.36% of the stock is owned by institutional investors and hedge funds.

Star Group Stock Performance

NYSE SGU traded down $0.10 on Tuesday, hitting $13.30. The stock had a trading volume of 29,076 shares, compared to its average volume of 40,080. The company’s 50-day moving average is $12.42 and its two-hundred day moving average is $11.99. Star Group has a one year low of $9.64 and a one year high of $13.75. The stock has a market cap of $459.64 million, a price-to-earnings ratio of 12.79 and a beta of 0.46. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63.

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

Star Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, January 27th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Monday, January 27th. Star Group’s dividend payout ratio (DPR) is 66.35%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Star Group Company Profile

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.