Two Sigma Investments LP Has $542,000 Holdings in Star Group, L.P. (NYSE:SGU)

Two Sigma Investments LP cut its holdings in Star Group, L.P. (NYSE:SGU) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,994 shares of the pipeline company’s stock after selling 11,201 shares during the quarter. Two Sigma Investments LP owned approximately 0.14% of Star Group worth $542,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Star Group in the fourth quarter valued at about $27,000. State of Tennessee Department of Treasury bought a new position in Star Group in the fourth quarter valued at about $26,000. MGO One Seven LLC raised its position in Star Group by 7.9% in the fourth quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock valued at $198,000 after purchasing an additional 1,255 shares during the last quarter. LPL Financial LLC raised its position in Star Group by 7.7% in the fourth quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in Star Group in the fourth quarter valued at about $122,000. 40.36% of the stock is currently owned by institutional investors.

Star Group Price Performance

Star Group stock opened at $11.97 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $413.69 million, a PE ratio of 11.51 and a beta of 0.36. Star Group, L.P. has a 12 month low of $10.11 and a 12 month high of $13.75. The stock has a 50-day moving average price of $12.50 and a two-hundred day moving average price of $12.37.

Star Group (NYSE:SGU) last posted its earnings results on Wednesday, May 7th. The pipeline company reported $2.01 EPS for the quarter. The firm had revenue of $743.05 million during the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Monday, April 28th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 6.18%. This is an increase from Star Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, April 28th. Star Group’s dividend payout ratio (DPR) is 49.66%.

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.