Star Group, L.P. (NYSE:SGU) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of Star Group, L.P. (NYSE:SGU) by 89.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,884 shares of the pipeline company’s stock after acquiring an additional 10,799 shares during the period. GSA Capital Partners LLP owned 0.07% of Star Group worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SGU. American Century Companies Inc. purchased a new stake in shares of Star Group in the second quarter valued at $124,000. Cove Street Capital LLC grew its holdings in Star Group by 15.6% in the 2nd quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock valued at $197,000 after buying an additional 2,500 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Star Group during the 2nd quarter valued at about $232,000. Blackstone Inc. lifted its holdings in shares of Star Group by 36.5% during the 1st quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock worth $1,169,000 after acquiring an additional 31,200 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Star Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock worth $10,623,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 40.36% of the company’s stock.

Star Group Stock Performance

NYSE SGU opened at $12.61 on Friday. Star Group, L.P. has a 1-year low of $9.64 and a 1-year high of $14.76. The business’s 50-day simple moving average is $11.74 and its 200-day simple moving average is $11.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.74 and a quick ratio of 0.61. The firm has a market capitalization of $437.06 million, a P/E ratio of 12.36 and a beta of 0.42.

Star Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.69 annualized dividend and a dividend yield of 5.47%. Star Group’s dividend payout ratio (DPR) is presently 67.65%.

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.