Star Group, L.P. (NYSE:SGU) Sees Significant Growth in Short Interest

Star Group, L.P. (NYSE:SGU) was the target of a significant growth in short interest during the month of May. As of May 28th, there was short interest totalling 177,100 shares, a growth of 1,305.6% from the May 13th total of 12,600 shares. Based on an average daily volume of 82,500 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.5% of the company’s shares are short sold.

NYSE SGU traded up $0.15 on Friday, reaching $11.25. The company had a trading volume of 261 shares, compared to its average volume of 75,684. The company has a 50 day moving average of $10.79. The company has a market capitalization of $452.24 million, a PE ratio of 6.27 and a beta of 0.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.68 and a current ratio of 0.84. Star Group has a 52 week low of $7.89 and a 52 week high of $12.03.

Star Group (NYSE:SGU) last announced its quarterly earnings results on Wednesday, May 5th. The pipeline company reported $1.71 earnings per share (EPS) for the quarter. Star Group had a return on equity of 32.18% and a net margin of 6.64%. The company had revenue of $604.12 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 11th. Shareholders of record on Monday, May 3rd were issued a $0.1425 dividend. This is an increase from Star Group’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Friday, April 30th.

Several hedge funds have recently bought and sold shares of SGU. JPMorgan Chase & Co. boosted its position in shares of Star Group by 236.4% during the first quarter. JPMorgan Chase & Co. now owns 5,682 shares of the pipeline company’s stock worth $60,000 after buying an additional 3,993 shares during the period. US Bancorp DE acquired a new position in Star Group during the fourth quarter valued at approximately $85,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Star Group by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,238 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 4,086 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Star Group by 15.9% during the fourth quarter. Eqis Capital Management Inc. now owns 13,048 shares of the pipeline company’s stock valued at $123,000 after purchasing an additional 1,790 shares during the last quarter. Finally, Credit Suisse AG acquired a new position in Star Group during the first quarter valued at approximately $158,000. 39.14% of the stock is owned by institutional investors.

Star Group Company Profile

Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel, gasoline, and home heating oil on a delivery only basis, as well as provide plumbing services; and installs, maintains, and repairs heating and air conditioning equipment.

See Also: What are the benefits of buying treasury bonds?

Receive News & Ratings for Star Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Group and related companies with MarketBeat.com's FREE daily email newsletter.