Royce & Associates LP Has $15.91 Million Position in Star Gas Partners, L.P. (SGU)
Royce & Associates LP boosted its stake in shares of Star Gas Partners, L.P. (NYSE:SGU) by 80.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,467,617 shares of the pipeline company’s stock after buying an additional 652,890 shares during the period. Royce & Associates LP owned about 2.63% of Star Gas Partners, L.P. worth $15,909,000 at the end of the most recent quarter.
Separately, Locust Wood Capital Advisers LLC increased its position in shares of Star Gas Partners, L.P. by 33.2% in the second quarter. Locust Wood Capital Advisers LLC now owns 932,025 shares of the pipeline company’s stock valued at $10,103,000 after buying an additional 232,490 shares during the last quarter. 30.98% of the stock is currently owned by institutional investors.
Star Gas Partners, L.P. (NYSE SGU) opened at 10.87 on Thursday. The company has a 50-day moving average of $10.67 and a 200 day moving average of $10.00. Star Gas Partners, L.P. has a 52 week low of $8.60 and a 52 week high of $11.70. The firm has a market cap of $607.49 million, a P/E ratio of 24.59 and a beta of 0.27.
Star Gas Partners, L.P. (NYSE:SGU) last posted its earnings results on Monday, July 31st. The pipeline company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.07. Star Gas Partners, L.P. had a net margin of 1.96% and a return on equity of 7.90%. The business had revenue of $225.80 million during the quarter. On average, equities analysts predict that Star Gas Partners, L.P. will post $0.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 8th. Shareholders of record on Monday, July 31st were paid a $0.11 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.44 dividend on an annualized basis and a yield of 4.05%. Star Gas Partners, L.P.’s payout ratio is 95.65%.
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Separately, BidaskClub downgraded shares of Star Gas Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th.
About Star Gas Partners, L.P.
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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