Insider Buying: StoneMor Partners L.P. (STON) Major Shareholder Buys $27,006.54 in Stock

StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. bought 7,221 shares of the company’s stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $27,006.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Axar Capital Management L.P. also recently made the following trade(s):

  • On Tuesday, March 12th, Axar Capital Management L.P. bought 12,616 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.72 per share, for a total transaction of $46,931.52.
  • On Thursday, February 28th, Axar Capital Management L.P. bought 29,467 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $110,206.58.
  • On Tuesday, February 26th, Axar Capital Management L.P. bought 66,400 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $248,336.00.
  • On Friday, February 22nd, Axar Capital Management L.P. bought 11,454 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.62 per share, for a total transaction of $41,463.48.
  • On Wednesday, February 20th, Axar Capital Management L.P. bought 54,421 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.46 per share, for a total transaction of $188,296.66.
  • On Wednesday, February 13th, Axar Capital Management L.P. bought 24,900 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.36 per share, for a total transaction of $83,664.00.
  • On Thursday, February 7th, Axar Capital Management L.P. bought 18,260 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.12 per share, for a total transaction of $56,971.20.
  • On Monday, February 11th, Axar Capital Management L.P. bought 23,655 shares of StoneMor Partners stock. The shares were acquired at an average cost of $3.15 per share, for a total transaction of $74,513.25.

Shares of NYSE:STON traded up $0.16 on Friday, reaching $3.84. 8,249 shares of the company’s stock were exchanged, compared to its average volume of 49,216. StoneMor Partners L.P. has a fifty-two week low of $2.00 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 23.34, a current ratio of 1.61 and a quick ratio of 1.61.



StoneMor Partners (NYSE:STON) last released its quarterly earnings data on Tuesday, February 12th. The company reported ($0.44) earnings per share for the quarter. StoneMor Partners had a negative return on equity of 202.13% and a negative net margin of 18.86%. The firm had revenue of $81.57 million during the quarter.

Several hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its holdings in shares of StoneMor Partners by 51.7% in the 4th quarter. Citigroup Inc. now owns 124,549 shares of the company’s stock worth $261,000 after acquiring an additional 42,449 shares during the period. Advisor Group Inc. increased its holdings in shares of StoneMor Partners by 2,514.9% in the 4th quarter. Advisor Group Inc. now owns 17,520 shares of the company’s stock worth $36,000 after acquiring an additional 16,850 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of StoneMor Partners in the 4th quarter worth about $589,000. Axar Capital Management L.P. increased its holdings in shares of StoneMor Partners by 7.4% in the 4th quarter. Axar Capital Management L.P. now owns 7,384,970 shares of the company’s stock worth $15,508,000 after acquiring an additional 505,637 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in shares of StoneMor Partners in the 4th quarter worth about $51,000. 53.30% of the stock is currently owned by institutional investors and hedge funds.

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About StoneMor Partners

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.

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Insider Buying and Selling by Quarter for StoneMor Partners (NYSE:STON)

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