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

Star Group, L.P. (NYSE:SGU - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 59,000 shares, a decrease of 15.7% from the April 30th total of 70,000 shares. Based on an average trading volume of 33,500 shares, the short-interest ratio is presently 1.8 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Star Group

Several institutional investors have recently bought and sold shares of SGU. Crews Bank & Trust purchased a new position in shares of Star Group in the fourth quarter worth $25,000. State of Tennessee Department of Treasury purchased a new position in shares of Star Group during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp acquired a new stake in Star Group in the 4th quarter worth about $27,000. Roxbury Financial LLC purchased a new stake in Star Group during the 4th quarter valued at about $122,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Star Group in the 4th quarter worth $144,000. 40.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Star Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.

Star Group Trading Down 0.2%

SGU stock traded down $0.02 on Thursday, reaching $11.98. The company's stock had a trading volume of 18,984 shares, compared to its average volume of 33,591. The business has a fifty day simple moving average of $12.55 and a two-hundred day simple moving average of $12.37. Star Group has a 12-month low of $10.11 and a 12-month high of $13.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.66 and a current ratio of 0.83. The firm has a market cap of $414.10 million, a PE ratio of 11.52 and a beta of 0.39.

Star Group (NYSE:SGU - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The pipeline company reported $2.01 EPS for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%. The company had revenue of $743.05 million during the quarter.

Star Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Monday, April 28th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 6.18%. This is an increase from Star Group's previous quarterly dividend of $0.17. The ex-dividend date was Monday, April 28th. Star Group's dividend payout ratio is presently 49.66%.

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.