StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. bought 23,655 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was purchased at an average price of $3.15 per share, with a total value of $74,513.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Axar Capital Management L.P. also recently made the following trade(s):
- On Thursday, February 7th, Axar Capital Management L.P. bought 18,260 shares of StoneMor Partners stock. The stock was purchased at an average price of $3.12 per share, with a total value of $56,971.20.
Shares of STON remained flat at $$3.25 during midday trading on Monday. 16,908 shares of the company’s stock traded hands, compared to its average volume of 49,761. StoneMor Partners L.P. has a one year low of $2.00 and a one year high of $6.95.
StoneMor Partners Company Profile
StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. It operates through two segments, Cemetery Operations and Funeral Home Operations. The company's cemetery products and services include interment rights, such as burial lots, lawn crypts, mausoleum crypts, cremation niches, and perpetual care rights; merchandise comprising burial vaults, caskets, grave markers and grave marker bases, and memorials; and installation services for burial vaults, caskets, and other cemetery merchandise, as well as others.
Further Reading: Return on Equity (ROE)
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