Star Group (NYSE:SGU) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Star Group, L.P. (NYSE:SGU)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.16 and traded as high as $12.01. Star Group shares last traded at $11.73, with a volume of 13,865 shares traded.

Star Group Stock Performance

The company’s 50 day moving average is $11.69 and its 200-day moving average is $11.16. The company has a market capitalization of $413.25 million, a P/E ratio of 17.77 and a beta of 0.42. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37.

Star Group (NYSE:SGU) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported ($0.31) EPS for the quarter. Star Group had a net margin of 2.82% and a return on equity of 17.25%. The firm had revenue of $331.64 million for the quarter.

Star Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Monday, October 28th will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Monday, October 28th. Star Group’s dividend payout ratio (DPR) is 104.55%.

Institutional Trading of Star Group

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Star Group by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock valued at $10,623,000 after acquiring an additional 2,800 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Star Group in the second quarter worth approximately $124,000. Acadian Asset Management LLC purchased a new position in shares of Star Group in the second quarter worth approximately $232,000. Cove Street Capital LLC boosted its holdings in shares of Star Group by 15.6% in the second quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock worth $197,000 after buying an additional 2,500 shares during the last quarter. Finally, Blackstone Inc. boosted its holdings in shares of Star Group by 36.5% in the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock worth $1,169,000 after buying an additional 31,200 shares during the last quarter. Hedge funds and other institutional investors own 40.36% of the company’s stock.

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.