Star Gas Partners Lp (NYSE:SGU) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Star Gas Partners Lp (NYSE:SGU) reported that Kestrel Energy Partners Llc. has picked up 500,000 of common stock as of 2017-02-21.

The acquisition brings the aggregate amount owned by Kestrel Energy Partners Llc. to a total of 500,000 representing a 0.89% stake in the company.

For those not familiar with the company, 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. In addition, it provides home security and plumbing services. The Company provides home heating equipment repair service and natural gas service. The Company provides services to residential and commercial customers to heat homes and buildings in the Northeast, Central and Southeast United States regions. The Company operates in Maine, New York, New Jersey, Tennessee, New Hampshire, Vermont, North Carolina, Massachusetts, Rhode Island, Pennsylvania, South Carolina, Connecticut, Maryland, Georgia, Delaware, Virginia and West Virginia, among others.

A glance at Star Gas Partners Lp (NYSE:SGU)’s key stats reveals a current market capitalization of 492.61 million based on 55.89 million shares outstanding and a price at last close of $9.64 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-16, Ambury picked up 2,000 at a purchase price of $8.75. This brings their total holding to 23,890 as of the date of the filing.

On the sell side, the most recent transaction saw Baxter unload 13,130 shares at a sale price of $3.84. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Star Gas Partners Lp (NYSE:SGU) as things move forward to see if its progress aligns with these transactions.

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