Short Interest in CrossAmerica Partners LP (NYSE:CAPL) Decreases By 6.0%

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in shares of CrossAmerica Partners in the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of CrossAmerica Partners by 376.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 2,000 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of CrossAmerica Partners in the 1st quarter worth approximately $205,000. American Financial Group Inc. boosted its holdings in shares of 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 in the last quarter. Finally, SpiderRock Advisors LLC acquired a new position in shares of CrossAmerica Partners in the 1st quarter worth approximately $325,000. 24.06% of the stock is owned by institutional investors and hedge funds.

CrossAmerica Partners Stock Up 2.0 %

NYSE CAPL opened at $21.14 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 250.71. The stock’s 50 day moving average is $20.15 and its two-hundred day moving average is $20.76. The company has a market capitalization of $803.89 million, a price-to-earnings ratio of 34.66 and a beta of 1.51. CrossAmerica Partners has a 1-year low of $18.43 and a 1-year high of $24.19.

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. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.27 billion. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. Equities analysts forecast that CrossAmerica Partners will post 0.46 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date of this dividend was Friday, August 2nd. CrossAmerica Partners’s payout ratio is 344.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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.