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

Star Group, L.P. (NYSE:SGU) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 61,200 shares, a drop of 23.9% from the February 13th total of 80,400 shares. Based on an average daily trading volume, of 31,100 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.2% of the shares of the stock are short sold.

Star Group Price Performance

SGU stock traded down $0.10 during trading hours on Tuesday, hitting $13.30. 29,076 shares of the stock traded hands, compared to its average volume of 40,080. The stock has a 50-day simple moving average of $12.42 and a 200 day simple moving average of $11.99. Star Group has a one year low of $9.64 and a one year high of $13.75. The company has a market cap of $459.64 million, a P/E ratio of 12.79 and a beta of 0.46. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63.

Star Group (NYSE:SGU) last announced its earnings results on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, January 27th were given a $0.1725 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.19%. Star Group’s dividend payout ratio (DPR) is 66.35%.

Analyst Ratings Changes

Separately, StockNews.com raised Star Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Hedge Funds Weigh In On Star Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cary Street Partners Financial LLC acquired a new position in shares of Star Group in the 4th quarter valued at $144,000. MGO One Seven LLC boosted its position in shares of Star Group by 7.9% in the 4th quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock valued at $198,000 after purchasing an additional 1,255 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Star Group in the 4th quarter valued at $26,000. LPL Financial LLC boosted its position in shares of Star Group by 7.7% in the 4th quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 1,276 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in shares of Star Group in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 40.36% of the company’s stock.

About Star Group

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.