CrossAmerica Partners LP (NYSE:CAPL) Short Interest Down 6.0% in September

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

CrossAmerica Partners Stock Performance

Shares of CrossAmerica Partners stock opened at $20.70 on Monday. The company has a market cap of $787.16 million, a PE ratio of 33.93 and a beta of 1.51. The company has a quick ratio of 0.37, a current ratio of 0.76 and a debt-to-equity ratio of 250.71. CrossAmerica Partners has a 52 week low of $18.43 and a 52 week high of $24.19. The business has a 50 day moving average price of $20.10 and a 200-day moving average price of $20.78.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.27 billion. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. Equities analysts anticipate that CrossAmerica Partners will post 0.46 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend was Friday, August 2nd. CrossAmerica Partners’s payout ratio is 344.26%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 25th.

Hedge Funds Weigh In On CrossAmerica Partners

Several hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of CrossAmerica Partners during the 2nd quarter worth $348,000. EverSource Wealth Advisors LLC raised its position in CrossAmerica Partners by 376.6% in the second 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 during the period. IFG Advisory LLC purchased a new position in CrossAmerica Partners in the second quarter valued at about $332,000. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners during the 1st quarter valued at approximately $205,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of CrossAmerica Partners during the 1st quarter worth approximately $31,000. Institutional investors own 24.06% of the company’s stock.

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.