Aurora Investment Counsel purchased a new stake in Star Group LP (NYSE:SGU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 171,870 shares of the pipeline company’s stock, valued at approximately $1,848,000. Aurora Investment Counsel owned approximately 0.31% of Star Group as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Cat Rock Capital Management LP grew its holdings in shares of Star Group by 82.0% during the second quarter. Cat Rock Capital Management LP now owns 2,332,613 shares of the pipeline company’s stock worth $25,286,000 after purchasing an additional 1,050,793 shares during the last quarter. FMR LLC lifted its stake in shares of Star Group by 21.5% in the second quarter. FMR LLC now owns 2,433,716 shares of the pipeline company’s stock worth $26,381,000 after acquiring an additional 431,052 shares during the period. Royce & Associates LP lifted its stake in shares of Star Group by 19.5% in the third quarter. Royce & Associates LP now owns 1,753,602 shares of the pipeline company’s stock worth $19,903,000 after acquiring an additional 285,985 shares during the period. Brown Advisory Inc. lifted its stake in shares of Star Group by 18.1% in the third quarter. Brown Advisory Inc. now owns 1,077,184 shares of the pipeline company’s stock worth $12,226,000 after acquiring an additional 165,045 shares during the period. Finally, Locust Wood Capital Advisers LLC lifted its stake in Star Group by 7.4% in the third quarter. Locust Wood Capital Advisers LLC now owns 1,001,189 shares of the pipeline company’s stock valued at $11,363,000 after buying an additional 69,164 shares during the period. 31.55% of the stock is owned by institutional investors and hedge funds.
Star Group LP (NYSE SGU) opened at $10.70 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.89 and a debt-to-equity ratio of 0.21. Star Group LP has a 12 month low of $9.00 and a 12 month high of $11.70. The stock has a market capitalization of $598.00, a P/E ratio of 22.29 and a beta of 0.22.
Star Group (NYSE:SGU) last issued its earnings results on Wednesday, December 6th. The pipeline company reported ($0.32) earnings per share for the quarter. Star Group had a return on equity of 8.29% and a net margin of 2.03%.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 6th. Investors of record on Monday, January 29th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, January 26th. This represents a $0.44 annualized dividend and a yield of 4.11%. Star Group’s dividend payout ratio (DPR) is currently 91.67%.
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Star Group Profile
Star Group, L.P., formerly Star Gas Partners, L.P., is a service energy provider. The Company is a home heating oil and propane distributor and services provider. It also sells gasoline and diesel fuel to customers on a delivery only basis. The Company installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems.
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