Star Group (NYSE:SGU) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Star Group, L.P. (NYSE:SGU) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.49 and traded as high as $11.63. Star Group shares last traded at $11.43, with a volume of 9,924 shares traded.

Analyst Upgrades and Downgrades

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

Star Group Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.64 and a current ratio of 0.75. The company’s 50-day moving average price is $11.86 and its 200 day moving average price is $11.49. The stock has a market capitalization of $395.23 million, a P/E ratio of 20.05 and a beta of 0.46.

Star Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 28th were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.69 dividend on an annualized basis and a yield of 6.04%. Star Group’s dividend payout ratio is presently 121.05%.

Hedge Funds Weigh In On Star Group

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. bought a new position in shares of Star Group during the second quarter worth $124,000. Acadian Asset Management LLC purchased a new stake in Star Group in the 2nd quarter worth $232,000. GSA Capital Partners LLP boosted 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 valued at $269,000 after purchasing an additional 10,799 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Star Group during the third quarter valued at about $566,000. Finally, Renaissance Technologies LLC grew its position in shares of Star Group by 0.3% during the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock valued at $10,623,000 after purchasing an additional 2,800 shares in the last quarter. 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.