Star Group, L.P. (NYSE:SGU) Sees Significant Decrease in Short Interest

Star Group, L.P. (NYSE:SGU) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 44,760 shares, a drop of 20.2% from the January 29th total of 56,118 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 34,212 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 34,212 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the shares of the company are short sold.

Star Group Price Performance

Shares of Star Group stock traded up $0.10 during trading on Wednesday, reaching $13.15. The company’s stock had a trading volume of 12,922 shares, compared to its average volume of 25,668. Star Group has a one year low of $11.31 and a one year high of $13.75. The stock has a 50-day moving average price of $12.59 and a two-hundred day moving average price of $12.06. The stock has a market capitalization of $432.36 million, a P/E ratio of 8.32 and a beta of 0.35. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 0.50.

Star Group (NYSE:SGU) last issued its quarterly earnings results on Wednesday, February 4th. The pipeline company reported $0.89 earnings per share for the quarter. The business had revenue of $539.26 million during the quarter. Star Group had a net margin of 4.16% and a return on equity of 23.03%.

Star Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, January 26th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, January 26th. Star Group’s dividend payout ratio (DPR) is 46.84%.

Hedge Funds Weigh In On Star Group

Several institutional investors have recently modified their holdings of SGU. Goldman Sachs Group Inc. bought a new position in shares of Star Group during the first quarter worth $231,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Star Group by 60.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 54,443 shares of the pipeline company’s stock valued at $637,000 after purchasing an additional 20,495 shares during the period. Raymond James Financial Inc. acquired a new stake in Star Group in the 2nd quarter valued at approximately $89,000. Hyperion Capital Advisors LP acquired a new stake in shares of Star Group in the second quarter valued at approximately $344,000. Finally, Osaic Holdings Inc. increased its stake in Star Group by 181.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after buying an additional 3,352 shares during the last quarter. 40.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SGU shares. Weiss Ratings upgraded shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Star Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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. It also sells gasoline and diesel fuel to approximately 26,600 customers.