StoneMor Partners L.P. (NYSE:STON) is expected to pay $0.33 on Nov 14, 2016. The indicated annual dividend is $1.32. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on StoneMor Partners L.P.’s current price of $11.43, the dividend is 2.89%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 28, 2016. About 1,265 shares traded hands. StoneMor Partners L.P. (NYSE:STON) has declined 49.26% since March 31, 2016 and is downtrending. It has underperformed by 51.79% the S&P500.
StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The company has a market cap of $381.06 million. The Firm operates through two divisions: Cemetery Operations and Funeral Homes. It currently has negative earnings. The Company’s Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise.
Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.14, from 1.03 in 2016Q1. The ratio turned negative, as 12 funds sold all StoneMor Partners L.P. shares owned while 26 reduced positions. 7 funds bought stakes while 27 increased positions. They now own 4.42 million shares or 9.85% less from 4.91 million shares in 2016Q1.
Morgan Stanley has 0% invested in the company for 511,973 shares. Schnieders Cap Limited Liability Co has invested 0.26% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Texas Yale Capital Corporation holds 0.11% or 45,967 shares in its portfolio. Cetera Advisor Network, a California-based fund reported 20,153 shares. Moreover, Nwq Invest Communication Ltd Limited Liability Company has 0.04% invested in StoneMor Partners L.P. (NYSE:STON) for 83,325 shares. Advisors Capital Mngmt Ltd Liability Corp last reported 149,188 shares in the company. Endurance Wealth Mgmt last reported 175 shares in the company. Lakeview Cap Partners Limited Liability, a Georgia-based fund reported 38,912 shares. Raymond James Tru Na has 21,821 shares for 0.05% of their US portfolio. Glob X Mgmt Com Ltd has 0.27% invested in the company for 214,353 shares. Arrow Advsrs Limited Liability holds 0.15% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 28,434 shares. Oppenheimer Inc has 0.01% invested in the company for 8,732 shares. Solaris Asset Mgmt Ltd Liability has 0.03% invested in the company for 1,800 shares. Bank & Trust Of America Corporation De last reported 0% of its portfolio in the stock. Vantage Inv Advsrs Ltd accumulated 75 shares or 0% of the stock.
Insider Transactions: Since May 31, 2016, the stock had 14 buys, and 1 sale for $52,840 net activity. On Thursday, September 1 LAUTMAN MARTIN R bought $4,950 worth of the stock or 200 shares. Another trade for 79 shares valued at $1,975 was made by SHANE WILLIAM ROBERT on Thursday, July 7. HELLMAN ROBERT B JR also bought $9,954 worth of StoneMor Partners L.P. (NYSE:STON) shares. Another trade for 1,262 shares valued at $31,449 was made by MCGRATH SEAN P on Wednesday, September 28.
StoneMor Partners L.P. (NYSE:STON) Ratings Coverage
Out of 2 analysts covering StoneMor Partners L.P (NYSE:STON), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. StoneMor Partners L.P has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, October 28 by Wunderlich. Wunderlich initiated StoneMor Partners L.P. (NYSE:STON) on Tuesday, July 21 with “Buy” rating. Raymond James downgraded the stock to “Mkt Perform” rating in Friday, October 28 report. The firm earned “Outperform” rating on Tuesday, August 25 by Raymond James.
More notable recent StoneMor Partners L.P. (NYSE:STON) news were published by: Fool.com which released: “A Deep Distribution Cut Guts StoneMor Partners LP” on October 28, 2016, also Seekingalpha.com with their article: “StoneMor’s Placebo Dividend” published on November 01, 2016, Fool.com published: “Winter Storm Slows StoneMor Partners L.P.’s Sales This Quarter” on May 09, 2016. More interesting news about StoneMor Partners L.P. (NYSE:STON) were released by: Reuters.com and their article: “BRIEF-StoneMor Partners LP declares temporary reduction in quarterly cas…” published on October 27, 2016 as well as Fool.com‘s news article titled: “Sales Force Restructuring Haunts StoneMor Partners L.P. This Quarter” with publication date: February 29, 2016.
STON Company Profile
StoneMor Partners L.P., incorporated on April 2, 2004, is an owner and operator of cemeteries and funeral homes. The Firm operates through two divisions: Cemetery Operations and Funeral Homes. The Company’s Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. The Company’s Funeral Homes segment offers a range of funeral-related services. The Firm sells cemetery services and products both at the time of death, which it refers to as at-need, and prior to the time of death, which it refers to as pre-need. The Firm operates approximately 310 cemeteries in over 30 states and Puerto Rico, and approximately 100 funeral homes in over 20 states and Puerto Rico.
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