Richard Ambury Buys 5,000 Shares of Star Group, L.P. (NYSE:SGU) Stock

Star Group, L.P. (NYSE:SGUGet Rating) CFO Richard Ambury acquired 5,000 shares of Star Group stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average cost of $9.24 per share, with a total value of $46,200.00. Following the transaction, the chief financial officer now owns 43,390 shares of the company’s stock, valued at approximately $400,923.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:SGU traded down $0.08 on Tuesday, reaching $9.22. The company had a trading volume of 498 shares, compared to its average volume of 71,791. Star Group, L.P. has a twelve month low of $9.11 and a twelve month high of $11.89. The stock has a 50-day moving average price of $10.75 and a 200 day moving average price of $10.57. The stock has a market capitalization of $339.15 million, a P/E ratio of 7.82 and a beta of 0.57. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 3rd. Shareholders of record on Monday, April 25th were given a $0.1525 dividend. The ex-dividend date was Friday, April 22nd. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.62%. This is a boost from Star Group’s previous quarterly dividend of $0.14. Star Group’s payout ratio is currently 51.26%.

Separately, StockNews.com cut Star Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 13th.

Several large investors have recently made changes to their positions in SGU. Morgan Stanley lifted its position in shares of Star Group by 13.1% in the second quarter. Morgan Stanley now owns 74,464 shares of the pipeline company’s stock worth $834,000 after buying an additional 8,638 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Star Group in the second quarter worth about $192,000. Millennium Management LLC lifted its position in shares of Star Group by 146.6% in the second quarter. Millennium Management LLC now owns 46,341 shares of the pipeline company’s stock worth $519,000 after buying an additional 27,552 shares during the last quarter. California State Teachers Retirement System acquired a new stake in shares of Star Group in the third quarter worth about $304,000. Finally, Locust Wood Capital Advisers LLC lifted its position in shares of Star Group by 1.8% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 683,037 shares of the pipeline company’s stock worth $7,356,000 after buying an additional 11,818 shares during the last quarter. 33.13% of the stock is owned by institutional investors.

Star Group Company Profile (Get Rating)

Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis, as well as provide plumbing services; and installs maintains, and repairs heating and air conditioning equipment.

Further Reading

Receive News & Ratings for Star Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Group and related companies with MarketBeat.com's FREE daily email newsletter.