Star Group (NYSE:SGU) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Star Group, L.P. (NYSE:SGU) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.24 and traded as high as $12.34. Star Group shares last traded at $11.75, with a volume of 23,246 shares trading hands.

Star Group Stock Performance

The stock has a 50 day moving average of $11.68 and a two-hundred day moving average of $11.25. The stock has a market capitalization of $407.26 million, a PE ratio of 11.52 and a beta of 0.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.74 and a quick ratio of 0.61.

Star Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were paid 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 dividend yield of 5.87%. Star Group’s dividend payout ratio (DPR) is presently 67.65%.

Institutional Trading of Star Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new position in Star Group in the third quarter valued at about $566,000. GSA Capital Partners LLP increased its stake in Star Group by 89.4% in 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 in the last quarter. Renaissance Technologies LLC raised its holdings in Star Group by 0.3% during the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock worth $10,623,000 after purchasing an additional 2,800 shares during the last quarter. American Century Companies Inc. purchased a new stake in Star Group during the second quarter worth $124,000. Finally, Acadian Asset Management LLC acquired a new stake in Star Group in the second quarter valued at $232,000. Institutional investors and hedge funds 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.