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

CrossAmerica Partners LP (NYSE:CAPL) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 76,100 shares, a decrease of 17.5% from the August 15th total of 92,200 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th.

CrossAmerica Partners Price Performance

Shares of CrossAmerica Partners stock opened at $21.21 on Wednesday. The firm has a market cap of $806.55 million, a P/E ratio of 34.77 and a beta of 1.51. The firm’s 50-day simple moving average is $19.89 and its 200-day simple moving average is $20.84. CrossAmerica Partners has a twelve month low of $18.43 and a twelve month high of $24.19. The company has a debt-to-equity ratio of 250.71, a quick ratio of 0.37 and a current ratio of 0.76.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share for the quarter, beating 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 company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.27 billion. As a group, research analysts expect that CrossAmerica Partners will post 0.46 EPS for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 9.90%. The ex-dividend date of this dividend was Friday, August 2nd. CrossAmerica Partners’s dividend payout ratio is 344.26%.

Institutional Inflows and Outflows

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

About CrossAmerica Partners

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.