Bandera Partners AUM, Performance, Holdings

1. Star Gas Partners LP (NYSE:SGU)

In Star Gas Partners LP (NYSE:SGU), Bandera Partners increased its stake by 2% to 2.46 million shares worth $26.64 million during the second quarter. Star Gas Partners LP (NYSE:SGU) is a distributor of home heating oil and propane, whose stock has advanced by over 22% in the last 12 months. At the end of July, the small-cap company posted a net loss of $0.24 per share for the second quarter, down from a loss of $0.06 posted a year earlier, while its revenue of $225.80 million inched up by 3.5% on the year. Star Gas Partners LP (NYSE:SGU) should focus on its other areas of business and reduce costs, as warm weather might further affect its performance in the future. Nevertheless, earlier this year, the company raised its dividend to $0.11 from $0.10 and its stock currently sports a yield of 4.10%. Another investor bullish on Star Gas Partners LP (NYSE:SGU) is Alexander Captain’s Cat Rock Capital, which boosted its stake by 82% to 2.33 million shares during the second quarter.