Star Group (SGU) Hits New 12-Month High at $10.24

Star Group LP (NYSE:SGU)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $10.24 and last traded at $10.24, with a volume of 200 shares changing hands. The stock had previously closed at $10.15.

The stock has a market cap of $512.82 million, a price-to-earnings ratio of 8.91 and a beta of 0.21. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.24.

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 26th were given a $0.125 dividend. This is an increase from Star Group’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 4.91%. The ex-dividend date was Thursday, April 25th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC grew its position in shares of Star Group by 35.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 152,399 shares of the pipeline company’s stock worth $1,463,000 after buying an additional 39,920 shares in the last quarter. Morgan Stanley grew its position in shares of Star Group by 20.9% during the first quarter. Morgan Stanley now owns 373,472 shares of the pipeline company’s stock worth $3,585,000 after buying an additional 64,504 shares in the last quarter. SEI Investments Co acquired a new position in shares of Star Group during the first quarter worth about $102,000. Renaissance Technologies LLC grew its position in shares of Star Group by 8.2% during the first quarter. Renaissance Technologies LLC now owns 845,601 shares of the pipeline company’s stock worth $8,118,000 after buying an additional 63,897 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of Star Group by 69.3% during the first quarter. Campbell & CO Investment Adviser LLC now owns 17,892 shares of the pipeline company’s stock worth $172,000 after buying an additional 7,325 shares in the last quarter. 43.99% of the stock is owned by institutional investors.

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About Star Group (NYSE:SGU)

Star Group, L.P. operates as a home heating oil and propane distributor and services provider in the United States. It also installs, maintains, and repairs heating and air conditioning equipment, as well as offers plumbing services. As of September 30, 2018, the company sold home heating oil and propane to approximately 454,000 full service residential and commercial customers.

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