Insider Buying: StoneMor Partners L.P. Director Buys 1,000 Shares of 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 stock was purchased at an average price of $24.14 per share, with a total value of $24,140.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of StoneMor Partners L.P. (NASDAQ:STON) opened at 24.54 on Friday. StoneMor Partners L.P. has a 52-week low of $21.75 and a 52-week high of $26.69. The stock’s 50-day moving average is $24.18 and its 200-day moving average is $24.55. The company’s market cap is $581.9 million.
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.
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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