Star Group, L.P. $SGU Holdings Cut by Bandera Partners LLC

Bandera Partners LLC lowered its stake in shares of Star Group, L.P. (NYSE:SGU) by 20.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,745,360 shares of the pipeline company’s stock after selling 700,000 shares during the period. Star Group accounts for about 14.5% of Bandera Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Bandera Partners LLC owned approximately 7.94% of Star Group worth $32,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hartree Partners LP increased its holdings in shares of Star Group by 6.1% in the 1st quarter. Hartree Partners LP now owns 3,314,616 shares of the pipeline company’s stock valued at $43,687,000 after acquiring an additional 191,363 shares during the period. Goldman Sachs Group Inc. bought a new stake in Star Group during the first quarter valued at about $231,000. Finally, Fifth Third Bancorp purchased a new position in Star Group in the second quarter valued at about $191,000. Institutional investors own 40.36% of the company’s stock.

Star Group Price Performance

NYSE SGU opened at $12.03 on Tuesday. The company has a market cap of $404.11 million, a price-to-earnings ratio of 9.11 and a beta of 0.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.70 and a quick ratio of 0.57. The stock’s fifty day moving average price is $11.76 and its 200 day moving average price is $11.81. Star Group, L.P. has a 1 year low of $11.11 and a 1 year high of $13.75.

Star Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Monday, October 27th were given a $0.185 dividend. The ex-dividend date was Monday, October 27th. This represents a $0.74 dividend on an annualized basis and a yield of 6.2%. Star Group’s dividend payout ratio is currently 56.06%.

Analyst Ratings Changes

Several analysts have commented on SGU shares. Wall Street Zen lowered shares of Star Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Star Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.