CrossAmerica Partners LP (NYSE:CAPL) Short Interest Down 30.5% in March

CrossAmerica Partners LP (NYSE:CAPL) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 59,200 shares, a decrease of 30.5% from the February 29th total of 85,200 shares. Based on an average trading volume of 38,500 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, TheStreet cut CrossAmerica Partners from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th.

CrossAmerica Partners Trading Down 0.2 %

Shares of CAPL traded down $0.04 on Friday, hitting $22.79. 38,718 shares of the stock traded hands, compared to its average volume of 23,318. CrossAmerica Partners has a 1 year low of $17.91 and a 1 year high of $24.19. The stock’s 50 day moving average is $22.36 and its two-hundred day moving average is $22.19. The firm has a market capitalization of $865.56 million, a P/E ratio of 21.70 and a beta of 1.53. The company has a quick ratio of 0.35, a current ratio of 0.67 and a debt-to-equity ratio of 250.71.

CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Monday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.22 by $0.20. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.11 billion. CrossAmerica Partners had a return on equity of 197.82% and a net margin of 0.93%. As a group, sell-side analysts predict that CrossAmerica Partners will post 0.95 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were issued a $0.525 dividend. The ex-dividend date was Thursday, February 1st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.21%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 200.00%.

Institutional Trading of CrossAmerica Partners

A number of institutional investors and hedge funds have recently made changes to their positions in CAPL. Apollon Wealth Management LLC grew its position in CrossAmerica Partners by 3.3% in the fourth quarter. Apollon Wealth Management LLC now owns 15,154 shares of the oil and gas company’s stock valued at $346,000 after acquiring an additional 489 shares in the last quarter. American Financial Group Inc. grew its holdings in shares of CrossAmerica Partners by 4.3% during the third quarter. American Financial Group Inc. now owns 12,000 shares of the oil and gas company’s stock valued at $260,000 after purchasing an additional 500 shares during the last quarter. LPL Financial LLC increased its position in CrossAmerica Partners by 2.4% in the first quarter. LPL Financial LLC now owns 32,003 shares of the oil and gas company’s stock worth $688,000 after buying an additional 750 shares during the period. Raymond James & Associates grew its position in shares of CrossAmerica Partners by 0.9% during the fourth quarter. Raymond James & Associates now owns 87,923 shares of the oil and gas company’s stock worth $2,005,000 after acquiring an additional 774 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its position in CrossAmerica Partners by 7.6% in the 1st quarter. Vident Investment Advisory LLC now owns 15,611 shares of the oil and gas company’s stock valued at $340,000 after purchasing an additional 1,098 shares during the last quarter. 24.06% of the stock is currently owned by institutional investors and hedge funds.

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.