CrossAmerica Partners LP (NYSE:CAPL) Sees Significant Drop in Short Interest

CrossAmerica Partners LP (NYSE:CAPL) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 71,500 shares, a decrease of 6.0% from the August 31st total of 76,100 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of CrossAmerica Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of CrossAmerica Partners during the 1st quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its stake in CrossAmerica Partners by 376.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 2,000 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in CrossAmerica Partners during the first quarter worth about $205,000. American Financial Group Inc. increased its stake in CrossAmerica Partners by 3.7% in the 1st quarter. American Financial Group Inc. now owns 14,000 shares of the oil and gas company’s stock worth $319,000 after acquiring an additional 500 shares during the last quarter. Finally, SpiderRock Advisors LLC purchased a new stake in shares of CrossAmerica Partners in the 1st quarter valued at about $325,000. 24.06% of the stock is currently owned by hedge funds and other institutional investors.

CrossAmerica Partners Trading Up 0.2 %

NYSE:CAPL opened at $20.70 on Monday. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19. The stock’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $20.78. The company has a debt-to-equity ratio of 250.71, a current ratio of 0.76 and a quick ratio of 0.37. The company has a market cap of $787.16 million, a P/E ratio of 33.93 and a beta of 1.51.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.10. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.27 billion. As a group, analysts expect that CrossAmerica Partners will post 0.46 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.10 annualized dividend and a yield of 10.14%. CrossAmerica Partners’s dividend payout ratio is currently 344.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 25th.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.