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

CrossAmerica Partners LP (NYSE:CAPL) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 65,600 shares, a growth of 10.8% from the March 15th total of 59,200 shares. Based on an average trading volume of 35,300 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.4% of the company’s shares are sold short.

CrossAmerica Partners Trading Down 0.4 %

CrossAmerica Partners stock opened at $22.05 on Wednesday. The stock has a 50-day moving average of $22.27 and a two-hundred day moving average of $22.42. The company has a debt-to-equity ratio of 250.71, a quick ratio of 0.35 and a current ratio of 0.67. CrossAmerica Partners has a one year low of $17.91 and a one year high of $24.19. The stock has a market cap of $837.46 million, a PE ratio of 21.00 and a beta of 1.53.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. CrossAmerica Partners had a return on equity of 197.82% and a net margin of 0.93%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.11 billion. On average, research analysts anticipate that CrossAmerica Partners will post 0.95 EPS for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 2nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 9.52%. The ex-dividend date was Thursday, February 1st. CrossAmerica Partners’s payout ratio is 200.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CAPL. UBS Group AG raised its position in CrossAmerica Partners by 33.0% during the first quarter. UBS Group AG now owns 5,758 shares of the oil and gas company’s stock valued at $125,000 after acquiring an additional 1,430 shares in the last quarter. Bank of America Corp DE raised its position in CrossAmerica Partners by 226.9% during the fourth quarter. Bank of America Corp DE now owns 8,774 shares of the oil and gas company’s stock valued at $174,000 after acquiring an additional 6,090 shares in the last quarter. Advisor Group Holdings Inc. raised its position in CrossAmerica Partners by 37.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 9,371 shares of the oil and gas company’s stock valued at $185,000 after acquiring an additional 2,559 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in CrossAmerica Partners during the third quarter valued at approximately $205,000. Finally, Private Advisor Group LLC purchased a new position in CrossAmerica Partners during the first quarter valued at approximately $250,000. 24.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.