Star Group, L.P. (NYSE: SGU – Get Rating) was the target of a sharp decline in short interest rates in April. As of April 15, there was a short interest rate totaling 25,600 shares, a decrease of 36.8% from the total of 40,500 shares as of March 31. About 0.1% of the shares are sold in default. Based on an average daily volume of 73,600 shares, the day-to-day ratio is currently 0.3 days.
Separately, StockNews.com raised Star Group’s shares from a “buy” rating to a “strong buy” rating in a research note on Wednesday.
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SGU traded lower by USD 0.20 during trading on Friday, reaching USD 10.68. The company’s shares had a trading volume of 56,976 shares, compared to its average volume of 48,635. The company has a rapid ratio of 0.55, a current ratio of 0.71 and a debt-equity ratio of 0.32. The company has a simple moving average of fifty days of $ 10.73 and a simple moving average of two hundred days of $ 10.65. Star Group has a 1 year minimum of $ 9.58 and a 1 year maximum of $ 12.03. The company has a market capitalization of 402.42 million USD, a price-earnings ratio of 9.29 and a beta value of 0.59.
Star Group (NYSE: SGU Get Rating) last announced its quarterly earnings results on Wednesday, February 2nd. The pipeline company reported earnings per share (EPS) of $ 0.32 for the quarter. The business had revenue of $ 488.27 million during the quarter. Star Group had a net margin of 3.99% and a return on equity of 21.37%.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 3rd. Shareholders registered on Monday, April 25, will receive a dividend of $ 0.1525 per share. The ex-dividend date is Friday, April 22. This represents a dividend of $ 0.61 on an annual basis and a dividend yield of $ 5.71%. This is an increase from Star Group’s previous quarterly dividend of $ 0.14. Star Group’s dividend payment rate (DPR) is currently 53.04%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. increased its stake in Star Group by 0.3% during Quarter 4. Brown Advisory Inc. it now owns 1,813,857 shares of the pipeline company worth $ 19,536,000, after buying another 6,175 shares in the last quarter. Locust Wood Capital Advisers LLC increased its stake in Star Group by 1.8% in the 4th quarter. shares in the last quarter. State Street Corp. increased its stake in Star Group by 6.6% in the fourth quarter. State Street Corp now owns 87,870 shares of the pipeline company, valued at $ 946,000, after buying another 5,417 shares in the last quarter. Invesco Ltd. increased its stake in Star Group by 8.6% in the fourth quarter. Invesco Ltd. now owns 80,688 shares of the company’s pipeline shares valued at $ 869,000, after buying another 6,390 shares in the last quarter. Finally, Morgan Stanley increased its stake in Star Group by 13.1% in the second quarter. Morgan Stanley now owns 74,464 shares of the pipeline company, valued at $ 834,000, after buying another 8,638 shares in the last quarter. Institutional investors and hedge funds hold 34.33% of the company’s shares.
Star Group Company Profile (Get Rating)
Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial oil and propane home heating customers in the United States. It also sells diesel, gasoline and oil for home heating only on a delivery basis, as well as provides plumbing services; and installs maintenance and repairs of heating and air conditioning equipment.
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