StoneMor Partners L.P. Director Buys $24,140 in Stock (STON)
StoneMor Partners L.P. (NASDAQ:STON) Director Fenton R. Talbott bought 1,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $24.14 per share, for a total transaction of $24,140.00. Following the purchase, the director now directly owns 41,535 shares of the company’s stock, valued at approximately $1,002,655. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of StoneMor Partners L.P. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $28.20 price target on the stock.
Shares of StoneMor Partners L.P. (NASDAQ:STON) traded down 0.41% on Thursday, hitting $24.59. The stock had a trading volume of 184,274 shares. StoneMor Partners L.P. has a 1-year low of $21.75 and a 1-year high of $26.69. The stock’s 50-day moving average is $24.14 and its 200-day moving average is $24.56. The company’s market cap is $583.1 million.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Tuesday, August 5th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend is Friday, August 1st. This is an increase from StoneMor Partners L.P.’s previous quarterly dividend of $0.60.
StoneMor Partners L.P. owns and operates cemeteries in the United States. As of December 31, 2009, the Company operated 235 cemeteries in 24 states and Puerto Rico.
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