Star Group, L.P. (NYSE:SGU) Short Interest Down 25.7% in December

Star Group, L.P. (NYSE:SGU) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 53,900 shares, a drop of 25.7% from the November 30th total of 72,500 shares. Based on an average daily volume of 20,400 shares, the short-interest ratio is currently 2.6 days. Approximately 0.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Star Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th.

Star Group Trading Up 0.8 %

Shares of NYSE:SGU traded up $0.09 during trading on Friday, hitting $11.61. The company had a trading volume of 11,409 shares, compared to its average volume of 40,316. The stock has a market cap of $401.45 million, a price-to-earnings ratio of 20.37 and a beta of 0.46. The company has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $11.50. Star Group has a one year low of $9.64 and a one year high of $12.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.75 and a quick ratio of 0.64.

Star Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 28th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Monday, October 28th. Star Group’s dividend payout ratio (DPR) is 121.05%.

Hedge Funds Weigh In On Star Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. purchased a new stake in shares of Star Group during the 2nd quarter worth about $124,000. Acadian Asset Management LLC acquired a new position in shares of Star Group during the 2nd quarter worth approximately $232,000. GSA Capital Partners LLP raised its holdings in shares of Star Group by 89.4% during the 3rd quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock worth $269,000 after acquiring an additional 10,799 shares during the period. Victory Capital Management Inc. purchased a new position in Star Group during the third quarter worth about $566,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Star Group by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock valued at $7,309,000 after purchasing an additional 66,806 shares during the last quarter. 40.36% of the stock is owned by hedge funds and other institutional investors.

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.