11,932 Shares in Star Group, L.P. (NYSE:SGU) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Star Group, L.P. (NYSE:SGUGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,932 shares of the pipeline company’s stock, valued at approximately $109,000.

Several other large investors have also made changes to their positions in SGU. Prospera Financial Services Inc acquired a new position in shares of Star Group during the 1st quarter worth about $89,000. KBC Group NV raised its holdings in Star Group by 31.9% in the 1st quarter. KBC Group NV now owns 8,835 shares of the pipeline company’s stock valued at $98,000 after acquiring an additional 2,138 shares in the last quarter. Brown Advisory Inc. raised its holdings in Star Group by 0.4% in the 1st quarter. Brown Advisory Inc. now owns 1,821,134 shares of the pipeline company’s stock valued at $20,177,000 after acquiring an additional 7,277 shares in the last quarter. Swiss National Bank raised its holdings in Star Group by 5.4% in the 1st quarter. Swiss National Bank now owns 84,303 shares of the pipeline company’s stock valued at $936,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Doliver Advisors LP raised its holdings in Star Group by 3.0% in the 1st quarter. Doliver Advisors LP now owns 140,089 shares of the pipeline company’s stock valued at $1,555,000 after acquiring an additional 4,132 shares in the last quarter. Institutional investors and hedge funds own 30.61% of the company’s stock.

Star Group Trading Up 1.5 %

Shares of SGU opened at $8.68 on Monday. Star Group, L.P. has a 1 year low of $8.00 and a 1 year high of $11.67. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $8.61 and a 200-day simple moving average of $9.37. The stock has a market cap of $319.29 million, a PE ratio of 7.23 and a beta of 0.69.

Star Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 8th. Stockholders of record on Monday, October 31st were issued a $0.1525 dividend. The ex-dividend date was Friday, October 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 7.03%. Star Group’s payout ratio is presently 50.83%.

Wall Street Analyst Weigh In

SGU has been the subject of several recent research reports. StockNews.com initiated coverage on Star Group in a report on Wednesday, October 12th. They issued a “buy” rating for the company. TheStreet cut Star Group from a “b-” rating to a “c+” rating in a report on Tuesday, September 27th.

About Star Group

(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.

See Also

Institutional Ownership by Quarter for Star Group (NYSE:SGU)

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