Insider Buying Activity: Scott Baxter Acquires 15,000 Shares of Star Group LP

Scott Baxter, Director at Star Group LP, bought 15,000 shares of the company on August 13, 2025, increasing his total ownership to 15,000 shares. Star Group LP is engaged in the distribution of home heating products and services, with a market cap of $393.531 million and a price-to-GF-Value ratio of 1.02, indicating the stock is fairly valued based on its GF Value.

Star Group LP, a leading provider of home heating oil and propane products and services, has seen a significant increase in its shareholding by one of its directors. On August 13, 2025, Scott Baxter, a director of Star Group LP, purchased 15,000 shares of the company, increasing his total ownership to 15,000 shares [1].

The transaction, disclosed in a Form 4 filing with the SEC, saw Baxter buying the shares at an average price of $11.79 per share, totaling $176,850 [2]. This purchase comes at a time when Star Group LP is engaged in strategic acquisitions and expanding its HVAC offerings to diversify its revenue streams [3].

The company recently reported its third-quarter financial results, showcasing both positive and negative trends. While the company saw improvements in service and installation performance, contributing positively to the quarter's results, it faced challenges due to warmer weather and net customer attrition, leading to a decrease in home heating oil and propane volume by 3.8% [3]. Despite these challenges, the company remains focused on growing its customer base and improving service and installation profitability [3].

Star Group LP has a market cap of $393.531 million and a price-to-GF-Value ratio of 1.02, indicating that the stock is fairly valued based on its GF Value. The company's latest earnings results showed a net loss of $16.6 million and an adjusted EBITDA loss of $10.6 million, reflecting higher depreciation, amortization, and acquisition-related financing costs [3].

Institutional investors and hedge funds also have a significant stake in the company, owning 40.36% of its stock [1]. The company's latest dividend announcement saw a quarterly dividend of $0.185 per share, representing an annualized yield of 6.3% with a payout ratio of 56.06% [1].

References:
[1] https://www.marketbeat.com/instant-alerts/star-group-lp-nysesgu-director-purchases-17685000-in-stock-2025-08-14/
[2] https://www.tradingview.com/news/tradingview:4ad7caccbd7b9:0-star-group-director-scott-baxter-acquires-15-000-common-units/
[3] https://www.ainvest.com/news/star-group-lp-q3-2025-earnings-call-highlights-strategic-acquisitions-enhanced-services-drive-performance-challenges-2508/