Commonwealth Equity Services LLC has $428,000 in Star Group, LP (NYSE:SGU)

Commonwealth Equity Services LLC cut its stake in shares of Star Group, LP (NYSE:SGU – Free Report) by 15.6% in the second quarter, HoldingsChannel.com reports. The fund owned 40,265 shares of the pipeline company’s stock after selling 7,450 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Star Group were worth $428,000 at the end of the most recent reporting period.

Separately, Cove Street Capital LLC boosted its holdings in shares of Star Group by 15.6% in the second quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock worth $197,000 after purchasing an additional 2,500 shares in the last quarter. 40.36% of shares are owned by institutional investors.

Star Group Stock Performance

Shares of NYSE SGU opened at $11.78 on Friday. Star Group, LP has a 52-week low of $9.64 and a 52-week high of $14.76. The stock has a market cap of $415.01 million, a PE ratio of 17.85 and a beta of 0.42. The stock has a 50-day moving average price of $11.42 and a 200-day moving average price of $10.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61, and a current ratio of 0.74.

Star Group (NYSE:SGU – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 31st. The pipeline company reported ($0.31) EPS for the quarter. Star Group had a return on equity of 17.25% and a net margin of 2.82%. The company had revenue of $331.64 million for the quarter.

Star Group announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a dividend of $0.1725 per share. The ex-dividend date was Monday, July 29. This represents a dividend of $0.69 on an annualized basis and a yield of 5.86%. Star Group’s dividend payout ratio is currently 104.55%.

About Star Group

(Free Report)

Star Group, LP, together with its subsidiaries, provides heating oil and propane products and services to residential and commercial customers in the United States. It offers petrol and diesel; and installs, maintains and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full-service residential and commercial oil and propane home heating customers and 52,400 customers on a delivery-only basis.

Further reading

Want to see what other hedge funds own SGU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Star Group, LP (NYSE:SGU – Free Report).

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