Insider Buying: StoneMor Partners L.P. (STON) Major Shareholder Purchases 9,378 Shares of Stock

StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. acquired 9,378 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of $3,746.00 per share, with a total value of $35,129,988.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Axar Capital Management L.P. also recently made the following trade(s):

  • On Friday, March 22nd, Axar Capital Management L.P. acquired 15,023 shares of StoneMor Partners stock. The stock was purchased at an average price of $3.74 per share, with a total value of $56,186.02.
  • On Tuesday, March 26th, Axar Capital Management L.P. bought 33,449 shares of StoneMor Partners stock. The shares were bought at an average price of $3.73 per share, with a total value of $124,764.77.
  • On Monday, March 18th, Axar Capital Management L.P. bought 377 shares of StoneMor Partners stock. The shares were bought at an average price of $3.75 per share, with a total value of $1,413.75.
  • On Wednesday, March 20th, Axar Capital Management L.P. bought 28,763 shares of StoneMor Partners stock. The shares were bought at an average price of $3.74 per share, with a total value of $107,573.62.
  • On Friday, March 15th, Axar Capital Management L.P. bought 7,304 shares of StoneMor Partners stock. The shares were bought at an average price of $3.74 per share, with a total value of $27,316.96.
  • On Friday, March 8th, Axar Capital Management L.P. bought 7,221 shares of StoneMor Partners stock. The shares were bought at an average price of $3.74 per share, with a total value of $27,006.54.
  • On Tuesday, March 12th, Axar Capital Management L.P. bought 12,616 shares of StoneMor Partners stock. The shares were bought at an average price of $3.72 per share, with a total value of $46,931.52.
  • On Thursday, February 28th, Axar Capital Management L.P. bought 29,467 shares of StoneMor Partners stock. The shares were bought at an average price of $3.74 per share, with a total value of $110,206.58.
  • On Tuesday, February 26th, Axar Capital Management L.P. bought 66,400 shares of StoneMor Partners stock. The shares were bought at an average price of $3.74 per share, with a total value of $248,336.00.
  • On Friday, February 22nd, Axar Capital Management L.P. bought 11,454 shares of StoneMor Partners stock. The shares were bought at an average price of $3.62 per share, with a total value of $41,463.48.

Shares of NYSE:STON traded up $0.08 during trading on Friday, hitting $4.00. 27,682 shares of the company’s stock traded hands, compared to its average volume of 41,018. StoneMor Partners L.P. has a 52 week low of $2.00 and a 52 week high of $6.24. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 23.34.

StoneMor Partners (NYSE:STON) last released its quarterly earnings data on Tuesday, February 12th. The company reported ($0.44) earnings per share for the quarter. StoneMor Partners had a negative net margin of 18.86% and a negative return on equity of 290.80%. The business had revenue of $81.57 million for the quarter.

Several large investors have recently added to or reduced their stakes in STON. Axar Capital Management L.P. lifted its stake in StoneMor Partners by 7.4% in the 4th quarter. Axar Capital Management L.P. now owns 7,384,970 shares of the company’s stock valued at $15,508,000 after acquiring an additional 505,637 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in StoneMor Partners in the 4th quarter valued at approximately $589,000. Morgan Stanley lifted its stake in StoneMor Partners by 5.5% in the 3rd quarter. Morgan Stanley now owns 3,604,009 shares of the company’s stock valued at $18,489,000 after acquiring an additional 188,965 shares in the last quarter. Citigroup Inc. lifted its stake in StoneMor Partners by 51.7% in the 4th quarter. Citigroup Inc. now owns 124,549 shares of the company’s stock valued at $261,000 after acquiring an additional 42,449 shares in the last quarter. Finally, Legacy Advisors LLC lifted its stake in StoneMor Partners by 18.7% in the 1st quarter. Legacy Advisors LLC now owns 161,302 shares of the company’s stock valued at $608,000 after acquiring an additional 25,454 shares in the last quarter. Institutional investors and hedge funds own 52.87% of the company’s stock.

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About StoneMor Partners

StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. It operates through two segments, Cemetery Operations and Funeral Home Operations. The company's cemetery products and services include interment rights, such as burial lots, lawn crypts, mausoleum crypts, cremation niches, and perpetual care rights; merchandise comprising burial vaults, caskets, grave markers and grave marker bases, and memorials; and installation services for burial vaults, caskets, and other cemetery merchandise, as well as others.

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Insider Buying and Selling by Quarter for StoneMor Partners (NYSE:STON)

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