19,000 Shares in Star Group LP (SGU) Purchased by Canton Hathaway LLC

Canton Hathaway LLC bought a new stake in Star Group LP (NYSE:SGU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,000 shares of the pipeline company’s stock, valued at approximately $177,000.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP grew its position in shares of Star Group by 15.8% in the third quarter. Royce & Associates LP now owns 660,461 shares of the pipeline company’s stock valued at $6,453,000 after purchasing an additional 89,890 shares during the last quarter. FMR LLC grew its position in shares of Star Group by 0.3% in the third quarter. FMR LLC now owns 3,436,726 shares of the pipeline company’s stock valued at $33,577,000 after purchasing an additional 8,800 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Star Group by 12.4% in the third quarter. Brown Advisory Inc. now owns 1,569,867 shares of the pipeline company’s stock valued at $15,337,000 after purchasing an additional 173,668 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in Star Group during the third quarter worth approximately $195,000. Finally, Virtu Financial LLC acquired a new stake in Star Group during the third quarter worth approximately $192,000. 43.63% of the stock is owned by institutional investors.

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Shares of NYSE SGU opened at $9.69 on Monday. Star Group LP has a 1 year low of $8.74 and a 1 year high of $10.10. The company has a market cap of $495.94 million, a P/E ratio of 10.11 and a beta of 0.19. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 0.29.

Star Group (NYSE:SGU) last announced its earnings results on Thursday, December 6th. The pipeline company reported ($0.40) earnings per share (EPS) for the quarter. Star Group had a return on equity of 15.74% and a net margin of 1.56%. The firm had revenue of $229.62 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 5th. Investors of record on Monday, January 28th were given a dividend of $0.1175 per share. The ex-dividend date was Friday, January 25th. This represents a $0.47 dividend on an annualized basis and a yield of 4.85%.

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About Star Group

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 plumbing services. As of September 30, 2018, the company sold home heating oil and propane to approximately 454,000 full service residential and commercial customers.

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