Insider Selling: StoneMor Partners L.P. Director Unloads 16,062 Shares of Stock (STON)
StoneMor Partners L.P. (NASDAQ:STON) Director Robert B. Hellman, Jr. sold 16,062 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $24.72, for a total transaction of $397,052.64. Following the completion of the sale, the director now directly owns 15,911 shares in the company, valued at approximately $393,320. The sale was disclosed in a document filed with the SEC, which is available at 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 up 0.08% on Thursday, hitting $24.79. The stock had a trading volume of 98,820 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 $24.2 and its 200-day moving average is $24.50. The company’s market cap is $718.0 million.
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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