Mirae Asset Global Investments Co. Ltd. Sells 49,594 Shares of CrossAmerica Partners LP (NYSE:CAPL)

Mirae Asset Global Investments Co. Ltd. decreased its position in CrossAmerica Partners LP (NYSE:CAPLGet Rating) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 639,918 shares of the oil and gas company’s stock after selling 49,594 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CrossAmerica Partners were worth $13,957,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA bought a new position in shares of CrossAmerica Partners in the first quarter valued at approximately $459,000. First Republic Investment Management Inc. acquired a new stake in shares of CrossAmerica Partners in the first quarter worth $284,000. Goldman Sachs Group Inc. grew its stake in shares of CrossAmerica Partners by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 313,052 shares of the oil and gas company’s stock worth $6,827,000 after acquiring an additional 68,459 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of CrossAmerica Partners by 7.6% in the first quarter. Vident Investment Advisory LLC now owns 15,611 shares of the oil and gas company’s stock worth $340,000 after acquiring an additional 1,098 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of CrossAmerica Partners by 33.0% in the first quarter. UBS Group AG now owns 5,758 shares of the oil and gas company’s stock worth $125,000 after acquiring an additional 1,430 shares during the last quarter. Institutional investors own 23.49% of the company’s stock.

CrossAmerica Partners Trading Down 2.8 %

Shares of CrossAmerica Partners stock opened at $20.23 on Monday. The company’s fifty day simple moving average is $20.85 and its 200-day simple moving average is $20.92. The company has a market cap of $767.30 million, a price-to-earnings ratio of 19.64 and a beta of 1.79. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 17.10. CrossAmerica Partners LP has a 1 year low of $18.84 and a 1 year high of $23.29.

CrossAmerica Partners (NYSE:CAPLGet Rating) last posted its quarterly earnings results on Monday, August 8th. The oil and gas company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. CrossAmerica Partners had a net margin of 0.85% and a return on equity of 73.25%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $662.29 million. As a group, sell-side analysts expect that CrossAmerica Partners LP will post 1.03 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Wednesday, August 3rd were paid a dividend of $0.525 per share. The ex-dividend date was Tuesday, August 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 10.38%. CrossAmerica Partners’s dividend payout ratio is currently 203.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, September 14th.

About CrossAmerica Partners

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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.

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Institutional Ownership by Quarter for CrossAmerica Partners (NYSE:CAPL)

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