Stonemor Partners Lp. (NYSE:STON) Just Found Some Institutional Interest

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), Stonemor Partners Lp. (NYSE:STON) reported that Hellman Robert B Jr has picked up 2,285,820 of common stock as of 2017-01-17.

The acquisition brings the aggregate amount owned by Hellman Robert B Jr to a total of 2,285,820 representing a 6.00% stake in the company.

For those not familiar with the company, StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services. It sells cemetery products and services both at the time of death, which it refers to as at-need, and prior to the time of death, which it refers to as pre-need. It operates approximately 310 cemeteries in over 30 states and Puerto Rico, and approximately 100 funeral homes in over 20 states and Puerto Rico.

A glance at Stonemor Partners Lp. (NYSE:STON)’s key stats reveals a current market capitalization of 375.25 million based on 35.50 million shares outstanding and a price at last close of $10.53 per share.

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

Specifically, on 2017-01-03, Hellman picked up 1,109 at a purchase price of $8.95. This brings their total holding to 23,611 as of the date of the filing.

On the sell side, the most recent transaction saw Miller unload 3,260 shares at a sale price of $8.95. This brings their total holding to 138,743.

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 Stonemor Partners Lp. (NYSE:STON) as things move forward to see if its progress aligns with these transactions.

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