Star Group (NYSE:SGU) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Star Group, L.P. (NYSE:SGU) 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.

Star Group Price Performance

The firm has a market capitalization of $407.26 million, a PE ratio of 11.52 and a beta of 0.42. The company has a 50-day moving average price of $11.68 and a 200-day moving average price of $11.25. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were issued 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%.

Hedge Funds Weigh In On Star Group

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Star Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock valued at $10,623,000 after acquiring an additional 2,800 shares during the last quarter. Blackstone Inc. increased its stake in Star Group by 36.5% in the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock valued at $1,169,000 after purchasing an additional 31,200 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Star Group during the third quarter worth about $566,000. GSA Capital Partners LLP boosted 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 worth $269,000 after buying an additional 10,799 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Star Group in the 2nd quarter valued at about $232,000. Hedge funds and other institutional investors 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.