Steven Jay Goldman Purchases 3,000 Shares of Star Group LP (SGU) Stock

Star Group LP (NYSE:SGU) insider Steven Jay Goldman bought 3,000 shares of the stock in a transaction on Thursday, August 16th. The stock was purchased at an average cost of $9.38 per share, with a total value of $28,140.00. Following the completion of the purchase, the insider now directly owns 38,500 shares in the company, valued at approximately $361,130. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steven Jay Goldman also recently made the following trade(s):

  • On Tuesday, August 14th, Steven Jay Goldman bought 10,600 shares of Star Group stock. The stock was purchased at an average cost of $9.49 per share, with a total value of $100,594.00.

Shares of SGU traded up $0.02 during mid-day trading on Thursday, reaching $9.30. The company had a trading volume of 73,750 shares, compared to its average volume of 102,313. The firm has a market cap of $509.36 million, a PE ratio of 12.72 and a beta of 0.17. Star Group LP has a fifty-two week low of $8.74 and a fifty-two week high of $11.35. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.28.

Star Group (NYSE:SGU) last announced its quarterly earnings results on Wednesday, August 1st. The pipeline company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.07. The company had revenue of $327.35 million for the quarter. Star Group had a net margin of 3.64% and a return on equity of 14.21%.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 7th. Shareholders of record on Monday, July 30th were issued a $0.1175 dividend. The ex-dividend date of this dividend was Friday, July 27th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.05%.

Separately, ValuEngine raised shares of Star Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC boosted its holdings in shares of Star Group by 24.4% in the 2nd quarter. Citadel Advisors LLC now owns 27,627 shares of the pipeline company’s stock valued at $271,000 after purchasing an additional 5,419 shares during the last quarter. BW Gestao de Investimentos Ltda. boosted its holdings in shares of Star Group by 39.6% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 26,799 shares of the pipeline company’s stock valued at $251,000 after purchasing an additional 7,607 shares during the last quarter. Eqis Capital Management Inc. boosted its holdings in shares of Star Group by 53.3% in the 2nd quarter. Eqis Capital Management Inc. now owns 24,203 shares of the pipeline company’s stock valued at $237,000 after purchasing an additional 8,420 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Star Group by 22.0% in the 1st quarter. GSA Capital Partners LLP now owns 56,009 shares of the pipeline company’s stock valued at $524,000 after purchasing an additional 10,087 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of Star Group in the 2nd quarter valued at $110,000. Institutional investors own 58.08% of the company’s stock.

Star Group Company Profile

Star Group, L.P. operates as a home heating oil and propane distributor and services provider in the United States. It also installs, maintains, and repairs heating and air conditioning equipment, as well as offers ancillary home services, including home security and plumbing. As of September 30, 2017, the company sold home heating oil and propane to approximately 455,000 full service residential and commercial customers.

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