CrossAmerica Partners LP (NYSE:CAPL) Short Interest Up 26.5% in October

CrossAmerica Partners LP (NYSE:CAPL) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 85,000 shares, an increase of 26.5% from the September 30th total of 67,200 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 32,800 shares, the short-interest ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CAPL. GSA Capital Partners LLP grew its stake in CrossAmerica Partners by 79.7% during the 1st quarter. GSA Capital Partners LLP now owns 36,412 shares of the oil and gas company’s stock worth $830,000 after buying an additional 16,153 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of CrossAmerica Partners by 1.9% during the first quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company’s stock worth $706,000 after acquiring an additional 565 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of CrossAmerica Partners by 10.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,607 shares of the oil and gas company’s stock worth $470,000 after acquiring an additional 1,872 shares during the period. Sanctuary Advisors LLC bought a new stake in CrossAmerica Partners in the 2nd quarter valued at about $348,000. Finally, IFG Advisory LLC acquired a new position in shares of CrossAmerica Partners during the second quarter worth approximately $332,000. 24.06% of the stock is currently owned by institutional investors.

CrossAmerica Partners Price Performance

NYSE CAPL traded up $0.17 on Wednesday, reaching $21.14. The company had a trading volume of 789 shares, compared to its average volume of 35,949. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19. The firm has a 50-day moving average of $20.82 and a 200-day moving average of $20.56. The firm has a market capitalization of $803.89 million, a PE ratio of 34.36 and a beta of 1.51.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 EPS 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.27 billion. As a group, sell-side 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 will be paid on Wednesday, November 13th. Investors of record on Monday, November 4th will be issued a $0.525 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.10 annualized dividend and a yield of 9.93%. CrossAmerica Partners’s dividend payout ratio is presently 344.26%.

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.