Bank of Montreal Can lifted its stake in shares of Stars Group Inc (NASDAQ:TSG) by 23.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,939 shares of the company’s stock after buying an additional 3,914 shares during the quarter. Bank of Montreal Can’s holdings in Stars Group were worth $1,463,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. HC Financial Advisors Inc. boosted its position in shares of Stars Group by 20.4% during the fourth quarter. HC Financial Advisors Inc. now owns 8,174 shares of the company’s stock worth $570,000 after purchasing an additional 1,448 shares during the period. Krilogy Financial LLC boosted its position in shares of Stars Group by 102.7% during the fourth quarter. Krilogy Financial LLC now owns 26,408 shares of the company’s stock worth $1,576,000 after purchasing an additional 14,116 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Stars Group during the fourth quarter worth $2,030,000. YHB Investment Advisors Inc. boosted its position in shares of Stars Group by 15.1% during the fourth quarter. YHB Investment Advisors Inc. now owns 19,792 shares of the company’s stock worth $1,043,000 after purchasing an additional 2,865 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in shares of Stars Group by 9.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 94,776 shares of the company’s stock worth $4,447,000 after purchasing an additional 7,172 shares during the period. Hedge funds and other institutional investors own 17.76% of the company’s stock.
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NASDAQ TSG opened at $81.19 on Friday. The firm has a market capitalization of $4.51 billion, a PE ratio of 10.75, a PEG ratio of 0.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.18 and a current ratio of 1.18. Stars Group Inc has a 1 year low of $60.11 and a 1 year high of $88.96.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.94 per share. This represents a $3.84 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Thursday, February 28th. Stars Group’s dividend payout ratio (DPR) is currently 23.00%.
TSG has been the subject of several research analyst reports. Zacks Investment Research raised shares of Stars Group from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, January 29th. BidaskClub raised shares of Stars Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th.
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Stars Group Profile
Stars Group Inc, through its subsidiaries, distributes and sells stock information, and software applications in the United States and Canada. It operates through Two Segments, Content and Application Services; and Data Services, Software, and People Services segments. The company offers matching software; data analytics software and services for proprietary asset and equity valuations; and data processing software and services for financial institutions, broker dealers, asset managers, and advisors.
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